US Reportedly Announces a Trade Deal With China
The United States has announced the successful conclusion of a new trade agreement with China following two days of intense negotiations in Geneva, Switzerland.
Treasury Secretary Scott Bessent confirmed the breakthrough and praised both parties for making “substantial progress” in resolving key trade issues.
“I’m happy to report that we made substantial progress between the United States and China in the very important trade talks,” Bessent said. He thanked the Swiss government for hosting the discussions, emphasizing the productivity of the negotiations, which involved the Chinese vice premier, two vice ministers, Ambassador Jamieson, and himself.
The Secretary added that a full briefing will be held tomorrow, but noted the discussions were highly productive and that President Trump had been briefed directly by both himself and Ambassador Jamieson.
U.S. Trade Representative Ambassador Jamieson Greer echoed the sentiment, calling the talks “very constructive” and expressing surprise at how quickly the two sides were able to bridge their differences.
“It’s important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought,” said Greer. He also referenced the U.S.’s $1.2 trillion trade deficit, which had prompted the declaration of a national emergency and the imposition of tariffs.
Greer concluded optimistically, stating that the new trade deal would contribute significantly toward resolving the longstanding deficit and easing tensions between the two global powers.
More details on the terms of the agreement are expected in a formal briefing scheduled for tomorrow morning.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
