US, China Agree: "Substantial Progress" On Trade Deal After "Very Constructive" 2 Days Of Negotiations
Update: 2 hours after the US delegation delivered its constructive remarks on the trade talks, China has done the same and it is generally a carbon copy of with what Bessent/Greer said earlier (hardly by accident):- CHINA'S VICE PREMIER HE LIFENG: ON CHINA-U.S. TRADE TALKS, BOTH SIDES HAD IN-DEPTH EXCHANGE
- HE LIFENG: TRADE TALKS WERE CONSTRUCTIVE, MADE SUBSTANTIVE PROGRESS
- HE LIFENG: BOTH SIDES REACHED IMPORTANT CONSENSUS
- HE LIFENG: BOTH SIDES AGREED TO ESTABLISH CHINA-U.S. TRADE CONSULTATION MECHANISM
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Just hours after Trump praised China tariff talks, saying that "great progress" had been made and that a "total reset" of relations was on the table, the second day of trade negotiations between the US and China concluded moments ago, and there was more good news: Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer said that the US and China made “substantial progress” adding that they will share more details on Monday.
The announcement followed hours of meetings between Bessent, Greer and Chinese Vice Premier He Lifeng. The talks were hosted by the Swiss ambassador to the United Nations, whose residence was used as the venue for the two countries’ teams.
Here are the Bloomberg and Reuters headlines after day 2:
- BESSENT: US, CHINA MADE 'SUBSTANTIAL PROGRESS' ON DEAL
- GREER: IMPORTANT TO UNDERSTAND HOW QUICK WE CAME TO AGREEMENT
- THIS WAS A VERY CONSTRUCTIVE 2 DAYS
- DIFFERENCES NOT AS GREAT AS PREVIOUSLY THOUGHT
- BESSENT: COMPLETE BRIEFING COMING TOMORROW MORNING
