The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.

The United States and China have struck a deal to slash tariffs for at least 90 days as both countries seek to end the trade war.U.S. Treasury Secretary Scott Bessent told reporters that “both countries represented their national interest very well” in the meetings in Geneva,