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US says 'deal' reached with China after trade talks

created: May 12, 2025, 6:32 a.m. | updated: May 12, 2025, 7:16 a.m.

Both China and the United States have said they have made progress at trade talks between the two countries in Switzerland. The US Treasury Secretary Scott Bessent described the discussions as "productive and constructive," while China's Vice Premier He Lifeng said the talks were "in-depth" and "candid". Vice Premier He said the two sides had reached a series of major consensuses, and had also agreed to establish an economic and trade consultation mechanism. While he said the comments from the weekend were "very positive", if tariffs remained above 20% that would "still be severely disruptive to international trade flows". On Saturday, following the first day of talks Trump had praised the "total reset" on the relationship between the two countries.

1 month ago: BBC News