The United States and China announced a trade agreement reached in Geneva, Switzerland. Details are set to be unveiled on Monday.
- U.S. Treasury Secretary Scott Bessent highlighted productive talks involving high-ranking officials, including Trade Ambassador Jamieson Greer.
- Both officials noted Switzerland’s role in facilitating discussions.
- The agreement suggests differences between the two nations were less substantial than anticipated.
- Underlying the trade talks is the U.S.’s significant $1.2 trillion trade deficit.
The developments promise significant market implications worldwide.
Tags #Business, #International, #WhiteHouse
Lucem News Editor’s Opinion: Looks like after years of Biden’s “strategic patience,” we finally got a deal with China. We will know more on Monday and watch the stock market surge or flop.
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