United States Signs Trade Deal With China Ending Month-Long Tariff Dispute

The United States and China have reached a preliminary trade deal following negotiations in Switzerland, aimed at addressing the significant $1.2 trillion U.S. trade deficit and a national emergency declared by President Trump. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer described the talks as "very constructive," with both sides making substantial progress over two days. Although the deal was announced, specific details have yet to be disclosed, with full information expected to be released shortly after the announcement. The agreement reflects a rapid consensus, suggesting that differences between the countries were not as large as initially perceived, and it marks a step toward de-escalating earlier tariff tensions. The deal follows similar progress with the United Kingdom and signals ongoing efforts by the Trump administration to reduce global tariff rates and stabilize trade relations. However, the lack of immediate detail has raised some questions among observers.