The U.S. has come to a preliminary deal with China, Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent announced Sunday. The pair delivered a positive update after weekend trade talks with the Chinese in Switzerland, and said further details will be delivered tomorrow morning. “I can tell you that the talks were productive,” Bessent said. “It was done in the spirit of cooperation, shared interest, mutual respect, and we look forward to sharing the details with you tomorrow morning.” “It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not so large as maybe thought,” Greer said. “We’re confident that the deal we struck with our Chinese partners will help us to resolve work toward resolving that national emergency.” The Trump administration repackaged these comments on Sunday afternoon as an announcement of a “China Trade Deal.”

BREAKING: U.S. Announces China Trade Deal pic.twitter.com/pQ0L8aCAak

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TREASURY SECRETARY SCOTT BESSENT: We will be giving details tomorrow, but I can tell you that the talks were productive. We had the vice premier, two vice ministers who were integrally involved, Ambassador Jamieson and myself. I spoke to President Trump, as did Ambassador Jamieson last night, and he is fully informed of what is going on, so there will be a complete briefing tomorrow morning. I will turn it over to the ambassador. U.S. TRADE REP JAMIESON GREER: Thank you Mr. Secretary. I want to echo the Secretary’s remarks with respect to the Swiss government. They’ve been so welcoming and they hosted this, and everything has gone off flawlessly, and we appreciate that. And again, to the Chinese negotiators, Vice Premier Liu He, Vice Minister Li Chen Gong, and Vice Minister Liao Min worked very diligently, and these are very tough negotiators – a couple of them I know from before and have had past interactions with them. 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 an agreement, which reflects that perhaps the differences were not so large as maybe thought. That being said, there was a lot of groundwork that went into these two days. Just remember why we’re here in the first place that the United States has a massive $ 1.2 trillion trade deficit. So the president declared a national emergency and imposed tariffs, and we’re confident that the deal we struck with our Chinese partners will help us to resolve work toward resolving that national emergency. TREASURY SECRETARY SCOTT BESSENT: I would just conclude with saying it was done in the spirit of cooperation, shared interest, mutual respect, and we look forward to sharing the details with you tomorrow morning. Thank you.
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