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The US Treasury Minister Scott Sevent testifies before hearing the House of Representatives Committee, entitled “The Annual Treasury Secretary’s testimony” on the International Financial System, on the US Hill, on May 7, 2025.
Nathan Howard | Reuters
White House on Sunday announced “trading transaction” with China Without providing specifics after Trump The administration’s representatives held a weekend to negotiate with their Chinese colleagues.
While the details of the transaction are still incomprehensible, any de-escalation in the current trade war can bring the necessary assistance to the world economy, which was made after President Donald Trump ” April 2 The announcement of tariffs.
Minister of Finance Scott Bet On Sunday, they said that the conversations that took place in Geneva last weekend were “productive”.
he said Negotiations conceded “A lot of” performance “and that it will give more information in the full briefing on Monday morning.
Imps also said he and the US and US trade representative Jamison Grir Both talked to the president Donald Trump On Saturday night, “he was fully informed” about discussions.
On Sunday, Grir said the officials had reached some form of “transaction” but did not give any specifics. He recognized the discussions as “very constructive”.
“It is important to understand how quickly we were able to agree, what reflects that perhaps the differences were not as big as they might think,” Grir said.
“We are convinced that the transaction we have touched upon our Chinese partners will help us to work on this emergency,” he added.
Chinese officials who participated in the meetings also have a positive way.
The Deputy Prime Minister of the People’s Republic said he said that the meeting “has made significant progress and reached an important consensus.”
“Both sides agreed to create a consulting mechanism for trade and economic issues,” Lifegn said.
International Trade spokesman China La Chenggg suggested that a statement will soon be available with more details of the negotiations but did not say when the application was released.
“As we say in China, if the dishes are delicious, the terms are not a matter,” Chenggong said.
“I think no matter when this statement is released, it will be great news. Good news for the world.”
Negotiations with high shares in Switzerland this weekend come against the background of extensive economic uncertainty arising from US-Chinese trade war.
In weeks when Trump announced Trump, two countries were engaged in tariff on Tat for Tat 145% tariffs on Beijing. In return China raised their fees on American goods up to 125%.
Against Less of goods and rising prices for consumers.
Trump praised the first day of discussion, writing that on Saturday, American officials had a “very good meeting with China” Truth social post.
“Much has been discussed what much has agreed to,” Trump wrote. “The general discharge was agreed in a friendly but constructive manner.”
The infant said he and Grir met with the Deputy Prime Minister of China, except for two deputy ministers whom the Treasury called “a whole participant” in discussions.
