US and China Reach Breakthrough Trade Deal in Geneva After Two Days of Talks

The United States has reached a trade agreement with China following two days of high-level negotiations held in Geneva, Switzerland, and hosted by the Swiss government. While the precise terms of the agreement have yet to be disclosed, officials from both countries described the discussions as highly productive.

U.S. Treasury Secretary Scott Bessent acknowledged the significant progress made, expressing appreciation for the Swiss government’s hospitality. “Thanks to our Swiss hosts, we had a very productive setting that enabled substantial progress between the United States and China on critical trade issues,” he said.

Bessent added that detailed information about the deal will be shared soon, noting the involvement of senior officials including the Chinese Vice Premier, two vice ministers, and U.S. Ambassador Jamieson Greer. He confirmed that both he and Greer briefed President Trump, who remains fully informed on the matter.

Greer described the negotiations as constructive and efficient. “The speed with which we reached consensus suggests that the differences between the two sides were not as great as previously believed,” he said. He also emphasized the groundwork laid in advance of the meetings.

Highlighting the urgency behind the talks, Greer referenced the United States’ $1.2 trillion trade deficit, which prompted the President to declare a national emergency and implement steep tariffs. “We’re confident that this new agreement with China will help address that emergency,” he stated.