- President Donald Trump said China “agreed to open” after the two countries agreed to temporarily slash most of the tariffs on each other’s goods.
- Trump said that was “maybe the most important thing” to come out of trade talks with Treasury Secretary Scott Bessent, U.S. trade representative Jamieson Greer and their Chinese counterparts.
- The U.S. and Chinese officials said they struck an agreement to pause most tariffs and other trade barriers for 90 days.
President Donald Trump said Monday that China “agreed to open up” after the two countries announced they would temporarily slash most of the tariffs on each other’s goods.
Trump offered few details about that development, but said it was “maybe the most important thing” to come out of the high-level trade talks between the two superpowers in Geneva, Switzerland, over the weekend.
Trump indicated that those purported commitments have not been cemented yet.
“We have to get it papered,” he said at the White House before signing an executive order on U.S. drug prices. “But they’ve agreed to open up China.”
https://www.cnbc.com/2025/05/12/trump-china-tariffs-trade.html