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White House announces trade deal with China, but details remain unclear

  • On May 11, 2025, the White House revealed that the United States and China had reached a preliminary trade deal after two days of senior-level discussions in Geneva.
  • The agreement followed a month-long standoff during which both the U.S. And China imposed tariffs exceeding 100 percent on each other's goods.
  • Under the deal, U.S. Tariffs on Chinese imports will drop to about 30 percent, while China will apply a 10 percent tariff on U.S. Goods for a 90-day period.
  • U.S. Treasury Secretary Scott Bessent characterized the discussions as productive and noted that neither party was aiming for a separation, while analysts regarded the deal as an encouraging initial step.
  • Though details remain undisclosed and questions persist about specific concessions, the deal allows further negotiations during the 90-day tariff reduction period and signals progress.
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Political Wire broke the news in New York, United States on Sunday, May 11, 2025.
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