The United States announced hours before it had reached “a commercial agreement” with China, whose details will communicate on Monday, May 12.
China, in comments separately, said both countries gave “Important steps” to solve your differences in equitable way Through consultations and dialogue, ”said Vice Prime Minister He Lymphang, according to the State Xinhua News Agency.
“An important consensus has been reached“He added.
The Chinese delegation indicated that this Monday a joint statement prepared at the end of the meetings in Geneva, which lasted two days and took place in strict reserve will be issued.
I indicated that economic relations between their country and the United States and commercial ties can be mutually benefits and in which everyone wins.
Along these lines, the viceprimer minister emphasized that Beijing is ready to manage the differences you may have with Washington and expand the areas of cooperation, the state media detailed.
Previously, Treasury Secretary Scott Besent, and trade representative, Jamieson Greer, They briefly appeared before the press to announce that a “substantial progress” had been achieved In these negotiations, which have been the first opportunity in which high -level Chinese and American authorities met since the beginning of the commercial war between both powers.
“I can tell you that conversations have been productive,” Besent said.
The White House issued a statement that announced a “commercial agreement” with China shortly after, without offering details.
“It is important to understand how quickly we have been able to reach agreements, which reflects that the differences were not as great as we thought,” Greer said.
“We are optimistic that it will open. The president’s tariff policy (Donald Trump) is’ we open all the world markets that have been closed,” said the secretary of Commerce, Howard Lutnick, in the CNN chain.
Lutnick is not part of the team sent to Switzerland. The US delegation is headed by the Secretary of the Treasury, Scott Besent, and the trade representative, Jamieson Greer, while China is in the hands of the Vice Prime Minister, He Lymphang.
To read more: in China, tariffs put clothing factories at a crossroads
The White House expands details
In a statement, the White House shared statements by officials
Scott Besent: “I am pleased to inform that we have made substantial advances between the United States and China in the important commercial conversations. First of all, I want to thank our Swiss host. The Swiss government has been very kind to give us this wonderful space, and I think that has generated great productivity.”
He added: “I talked to President Trump, just like Ambassador Jamieson, last night, and he is completely informed of what is happening. Therefore, tomorrow morning there will be a complete informative session.”
The US trade representative Jamieson Greer said: “As the secretary said, these two days were very constructive.”
He added: “A great preliminary work was carried out during these two days. Simply remember why we are here, in the first place: the United States has a huge commercial deficit of 1.2 billion dollars, so the president declared a national emergency and imposed tariffs, and we trust that the agreement reached with our Chinese partners will help us work to resolve that national emergency.”