White House claims China trade deal reached after ‘productive’ Geneva talks
theguardian.comPublished: 5/11/2025
Summary
The U.S. and China finalized a major trade deal after two intense days of negotiations in Geneva, marking a landmark milestone nearly 50 years after their relationship began under Nixon. The agreement could open $1.2 trillion in new imports from China while maintaining the U.S.-specific 10% tariffs on key sectors like steel and aluminum. White House officials praised progress, with Trump tweeting about it, but tensions persist over high tariffs. Experts caution against overreacting to job losses, as other countries also impose similarly high tariffs. Both sides remain committed to resolving trade disputes in a mutually beneficial way.