White House Has Announced a Trade Deal with China

It turns out that Treasury Secretary Scott Bessent was more than hinting at being close to striking a deal with China during trade talks in Switzerland, as RedState‘s Bob Hoge reported.

This from redstate.com.

The White House sent out a press release Sunday afternoon announcing a “China Trade Deal in Geneva.”

According to Bessent, we’ll get the details on Monday morning.

I’m happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we’ve seen.

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. And 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.

Last week Trump backed away from direct participation in the talks, saying he was leaving negotiations in the hands of Bessent and U.S. Trade Representative Ambassador Jamieson Greer.

Greer said Sunday:

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, 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 — 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 work toward resolving that national emergency.

There was talk Saturday that tariffs on Chinese imports would be more in the 80% range than 145%, but the details are expected to be reported Monday.

God speed to the Trump-Vance team.