President Donald J. Trump ensures a historical trading victory for the United States – the White House

Secure another historical deal: Today, after the brand new deal with the United Kingdom, President Donald J. Trump with China has achieved an agreement on the reduction of China’s tariffs and the removal of retaliation measures, a US basis for China and a way for future discussions on open market access for American exports.

• Today, after successful negotiations at the weekend in Geneva, Switzerland, the United States published the first joint explanation of the trade with China with China.
• Both parties confirmed the importance of critical bilateral economic and trade relationships between the two countries and the global economy.
• Fair trading practices and the massive trade deficit of America with China have fueled the offshoring of American jobs and the decline in our processing trade too long.
• In an agreement, the United States and China will reduce 115% each, while they maintain an additional 10% tariff. Other US measures remain.
• Both sides will take these measures by May 14, 2025.
• This trade agreement is a victory for the United States and demonstrates that President Trump’s unprecedented expertise ensures that business that benefits the American people.

Chinese actions: China will remove the retaliation tariffs announced since April 4, 2025 and will also suspend or remove the non-tariff countermeasures raised against the United States since April 2, 2025.

• China will also suspend its first 34% tariff in the United States, which it announced on April 4, 2025 for 90 days, but is kept a tariff of 10% in the period of the break.

American actions: The United States will remove the additional tariffs that they imposed China on April 8 and 9, 2025 in China, but retain all the duties imposed in China before April 2, 2025, including tariffs in section 301, tariffs 232, tariffs, which in response to the Fentanyl emergency case law and most tariffs of the nation, after the international Emergency management has been attacked and the tariffs of the international emergency powers were raised.

• The United States will suspend their mutual tariff for 90 days on April 2, 2025, but will keep a tariff of 10% during the period of the break.
• The 10% tariff continues to set a fair baseline that promotes domestic production, strengthens our supply chains and ensures that American trade policy supports American employees first instead of preventing them.
• President Trump ensures that our trading policy for the American economy imposes effective tariffs, deals with our national emergency, which is brought in by our growing and persistent trade deficit and the competitive conditions for American workers and producers are.
• In contrast to previous administrations, President Trump took a hard, uncompromising attitude towards China to protect American interests and stop unfair trading practices.

Work towards an equalization: When these changes come into force, both nations agreed to establish a mechanism in order to continue important discussions about trade and business.

• The US trade deficit with China in 2024 was 295.4 billion US dollars -the largest for every trading partner.
• Today’s agreement has an impact on managing these imbalances in order to achieve American employees, family and companies real, permanent advantages.
• While our nations are continuing these discussions, China is represented by He Lifeng, Vice Premier of the State Council.
• The United States is represented by Scott Bessent, Secretary of the Ministry of Finance, and Jamieson Greer, US trade representative.

Speech of the fentanyl crisis: The United States and China will take aggressive measures to obtain the flow of fentanyl and other forerunners from China to illegal drug producers in North America.