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US agrees trade deal with China following ‘productive talks’ just weeks after trade war threw world economy into chaos

Published on May 11, 2025 at 05:57 PM

A TRADE deal between America and China has been agreed, the White House has announced.

US Treasury Secretary Scott Bessent said “substantial progress”;; had been made with his Beijing counterpart during talks in Geneva.

Woman on phone reviewing stock market data on monitors.
A market trader looks nervous in the New York Stock Exchange

He said details would be revealed tomorrow, but the breakthrough will raise hopes of ending the tariff war between the world’s two biggest economies.

Donald Trump has hit China with 145 per cent tariffs, leading them to retaliate with import duties of 125 per cent on most US exports.

Mr Bessent said: “We will be giving details tomorrow, but I can tell you talks were productive.”;;

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