White House Says Trade Deal With China Reached
The White House announced May 11 that it reached a deal with China in talks over the weekend, but provided no details about what that means.
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U.S. Trade Representative Jamieson Greer said, "It’s important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought."
He also said that U.S. officials are confident "that the deal we struck with our Chinese partners will help us to work toward resolving" the trade deficit emergency that the president declared.
Treasury Secretary Scott Bessent said, "We will be giving details tomorrow, but I can tell you that the talks were productive."
The Chinese government issued no statement after the talks concluded.