US EditionUS, China Made Substantial Progress in Trade Talks, Bessent Says
- The U.S. And China held two days of trade talks in Switzerland in early May 2025 to address their ongoing trade dispute.
- The talks followed President Trump's imposition of steep tariffs on Chinese goods, with China retaliating by imposing its own levies.
- U.S. Officials described the discussions as productive and noted that both sides agreed to establish a consultation mechanism for further trade talks.
- Treasury Secretary Bessent and Trade Representative Greer said they made "substantial progress" and "a great deal of productivity," though details were scarce.
- The outcome suggests a possible de-escalation of the trade war that disrupted $660 billion in trade and unsettled global markets, though tariff reductions remain uncertain.
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China, U.S. agree to set up consultation mechanism amid tariff row
China has agreed with the United States to establish an economic and trade consultation mechanism to discuss issues of mutual concern following ministerial-level talks in Geneva over the weekend, official media reported Monday. Beijing and Washington will release a joint statement on Monday summarizing the meeting, Chinese Vice Premier He Lifeng was quoted as saying by the Chinese media after holding two days of talks through Sunday with U.S. Tr…
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Total News Sources379
Leaning Left55Leaning Right59Center91Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 27%
C 44%
R 29%
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