Tariff War: Agreement reached between the US and China on trade deal

Tariff War: After talks with China in Geneva over the tariff dispute, the US announced that it has reached a trade agreement with China. US President Donald Trump has also reacted to this entire matter. He said that many issues were discussed and many things were agreed upon. However, it is worth noting that the details of the agreement have not yet been announced

After talks with China in Geneva over the tariff dispute, the US announced that it has reached a trade agreement with China.

US announced that it has a trade agreement with China

Before the talks, President Trump had indicated that he was ready to reduce the tariff rate on China from the current 145 percent to 80 percent. He said in a post on the Internet media that it depends on Scott B. I am happy to report that we have made substantial progress between the US and China in very important trade talks.

There was a heated discussion between China and America on tariffs

The talks going on in Geneva between the US and China regarding the tariff dispute continued for the second day on Sunday. Both sides discussed how to reduce the trade war, which threatens to cause major damage to the world economy.

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Chinese Deputy Prime Minister He Lifeng held a face-to-face meeting with US Finance Minister Scott Bessant and US Trade Representative Jameson Greer. This was the first meeting after the world's two largest economies imposed tariffs of more than 100 percent on each other's goods.

A trade agreement can be reached between the two countries this week.

After eight hours of discussion on Saturday, the talks continued for three and a half hours in Geneva on Sunday. Before leaving for the talks on Sunday, Bessant refused to talk to reporters at his hotel. But, White House economic advisor Kevin Hassett said that China is very eager to negotiate with the US and balance the trade relationship.

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Summary

Hassett said that foreign trade agreements could also be reached with other countries this week. US President Donald Trump gave a positive description of the talks, saying that both sides had talked in a friendly and constructive manner.