US and China strike trade deal
Digest more
Top News
Overview
Impacts
Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.
Treasury Secretary Scott Bessent said the details would be announced on Monday after two days of negotiations in Geneva.
The agreement lowers tensions in the trade war but does little to change the overall direction of deteriorating ties between Beijing and Washington, analysts say.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
U.S. Trade Representative Jamieson Greer said the U.S. is holding concurrent trade talks with China and other countries. "All of this is happening in parallel, and we are happy to move as quickly as other parties are willing to move,
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters that more details would be provided on Monday.
Bettors on Polymarket and Kalshi slashed their recession outlooks below 50% after the US-China tariff deal was announced over the weekend.
U.S. stocks climbed Monday after Treasury Secretary Bessent touted substantial progress on talks with the Chinese setting up a busy week of trade talks as President Trump heads to the Middle East. In economic and earnings news,