May 11, 2025

The White House on Sunday announced a “trade deal” with China without providing specifics, after Trump administration officials spent the weekend negotiating with their Chinese counterparts.

While details of the deal are still unclear, any de-escalation in the ongoing trade war could bring much-needed relief to a global economy that has been roiled since President Donald Trump’s April 2 tariff announcement.

Treasury Secretary Scott Bessent said Sunday that the trade talks that took place in Geneva over the weekend were “productive.”

Read more:

https://www.cnbc.com/2025/05/11/us-china-trade-tariffs-talks.html