The White House announced a US-China trade deal following two days of talks in Geneva. Treasury Secretary Scott Bessent reported "substantial progress," while US Trade Representative Jamieson Greer highlighted the speed of the agreement, suggesting previous differences were overestimated. The deal aims to address a $1.2 trillion US trade deficit. President Trump expressed optimism, mentioning a "total reset" and progress toward opening China to US businesses. However, a 10% baseline tariff will remain on some imports. The administration anticipates further trade deals following a similar model to a recent UK agreement.

Prepared by Christopher Adams and reviewed by editorial team.