Trump administration reveals bombshell trade deal with China weeks after tariffs ripped apart world economy

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By KATELYN CARALLE, SENIOR U.S. POLITICAL REPORTER IN WASHINGTON, D.C.

Published: 13:42 EDT, 11 May 2025 | Updated: 13:47 EDT, 11 May 2025

President Donald Trump's medication struck a commercialized woody with China.

The White House announced 'productive talks' connected Sunday and previewed a briefing connected Monday to spell implicit details of the agreement.

It comes conscionable weeks aft Trump imposed worldwide tariffs that sent planetary markets into a tailspin.

Trump placed a whopping 145 percent tariff connected astir Chinese goods – the highest tariff by acold of immoderate country, making it astir intolerable for China to commercialized with the U.S.

'I'm blessed to study that we made important advancement betwixt the United States and China successful the precise important commercialized talks,' Treasury Secretary Scott Bessent said successful a connection connected the agreement.

Switzerland hosted the commercialized statement talks betwixt the U.S. and China.

This communicative is breaking and volition beryllium updated. 

Treasury Secretary Scott Bessent speaks to property connected Sunday, May 11 during the 2nd time of bilateral talks betwixt the U.S. and China successful Switzerland

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