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US Announces China Trade Deal, Offers No Details

  • #China
  • #Switzerland
  • #United States of America
  • #Money
US Announces China Trade Deal, Offers No Details
story
MAY 11
Above: Scott Bessent leaves his hotel for a meeting with Chinese officials in Geneva on May 10, 2025. Image copyright: Fabrice Coffrini/Contributor/AFP via Getty Images
story last updated MAY 11

The Spin

Republican narrative

Washington always had the upper hand in this trade war, as Trump's tariffs severely impact the U.S.-dependent Chinese economy. Beijing was desperate to make a deal, and that's how the White House reached an agreement with no more than two days of talks.

Daily Caller

Democratic narrative

It remains unclear what this deal will bring to the U.S., as the Trump administration has no clear goals in this disastrous trade war. There is quite a difference between reducing the trade deficit, forcing China to change its industrial policies, and decoupling. If anyone is in despair, it's Trump.

Foreign Policy

Metaculus Prediction


Public Figures

Scott Bessent

Donald Trump


The Controversies


UNLIKELYLIKELY
Status:Open
Will There Be a US-China War?
Controversy
MAY 11MAY 11

NO TIME SOONSOON
Status:Open
Will China's GDP Overtake the US, And If So When?
Controversy
MAY 11MAY 11

UNLIKELYLIKELY
Status:Resolved
Will Trump Impose 10% Tariff on Chinese Goods?
Controversy
MAY 11MAY 11

UNLIKELYLIKELY
Status:Open
Will the US Go into Recession in 2025?
Controversy
MAY 11MAY 11

Articles on this story

US weighs plan to slash China tariffs to as low as 50% as soon as next week: sources
New York PostMAY 9
US-China talks to defuse trade row resume in Geneva
ReutersMAY 9