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Report: US, China Reach Deal to Cut Trade Deficit, Details on Monday
US Secretary of the Treasury Scott Bessent, left, and US Trade Representative Jamieson Greer meet the media on the second day of a bilateral meeting between the United States and China, in Geneva, Switzerland, Sunday. (AP)
U.S. Trade Representative Jamieson Greer, who participated in the talks with Treasury Secretary Bessent, Chinese Vice Premier He Lifeng and two Chinese vice ministers, described the conclusion as "a deal we struck with our Chinese partners" that will help reduce the $1.2 trillion U.S. global goods trade deficit. "And this was, as the Secretary pointed out, a very constructive two days. It's important to understand how quickly we were able to come to agreement." [Full Story]
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