U.S. Trade Representative Jamieson Greer announces US and China trade deal
May 11, 2025
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2:01Now PlayingU.S. Trade Representative Jamieson Greer announces US and China trade deal
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as posted by the channelThe US and China have agreed on a deal to help resolve the trade war raging between the world’s two largest economies, top Trump administration officials announced Sunday.
Details of the deal, struck during negotiations in Switzerland over the weekend, were not revealed, but officials teased that more information will be shared on Monday.
“The U.S. has a massive $1.2 trillion trade deficit, so the President declared a national emergency,” US Trade Representative Jamieson Greer said Sunday. “We’re confident that the deal we struck with our Chinese partners will help us work toward resolving that national emergency.”
President Trump has imposed tariffs of up to 145% on goods from China, with China slapping retaliatory tariffs on American exports.
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