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The Guardian // Business // Economics

US and China agree to slash tariffs in trade war de-escalation– business live

Monday 12th May 2025, 7:19AM

Treasury secretary Scott Bessent and US trade representative Jamieson Greer brief the media about trade talks with ChinaWhite House claims China trade deal reached while Beijing hails ‘important first steps’Scott Bessent says there was a consensus from both the US and China delegations at last weekend’s talks that “neither side wants a decoupling”.Bessent adds that the US wants more balanced trade; he thinks both sides are committed to achieving that. Continue reading...

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