The White House has released a statement headlining: “U.S. Announces China Trade Deal in Geneva.” However, the use of the wording “trade deal” is being disputed by China who prefer to say, a “consensus was reached.”
Indeed, if you listen to the wording from Treasury Secretary Scott Bessent and U.S. Trade Rep Jamieson Greer, there is no talk of an actual deal in their language. Methinks whoever wrote the White House headline, that is (not accidentally) currently manipulating the markets, will be soon given the exit. Here’s the remarks from Bessent and Greer:
The White House statement is below:
Secretary of the Treasury Scott Bessent: “I’m happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we’ve seen. We will be giving details tomorrow, but I can tell you that the talks were productive. We had the vice premier, two vice ministers, who were integrally involved, Ambassador Jamieson, and myself. And I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on. So, there will be a complete briefing tomorrow morning.”
U.S. Trade Representative Ambassador Jamieson Greer: “This was, as the Secretary pointed out, a very constructive two days. 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. That being said, there was a lot of groundwork that went into these two days. Just remember why we’re here in the first place — the United States has a massive $1.2 trillion trade deficit, so the President declared a national emergency and imposed tariffs, and we’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency.”
This Tweet is exactly correct.
The White House headline is Fake News!
That’s why my mouth was agape when I thought no freaking way to The Liberty Daily headline, which was the exact same as the WH one Sundance’s posits will result in a firing,
As it should.
Note also that this just so happens to drop Sunday evening, *Right Ahead* of the Asia/Pac market open…
may be somewhat obscure wording in our two negotiator’s statements
but…
the fact remains that a finalized agreement will soon be forthcoming
why?
1. Trump likes rapid settlements
2. the chynese can ill afford a delay
winning
Yeah something musta been lost in translation..
a “finalized agreement” is a long, long way off…
80/20 principal in play?
i imagine the most impactful and substantive tarrifs be hammered down first (80%), with the remaining loose ends finalized within weeks, not months (20%)
durable goods, autos, pharmaceuticals, machinery and other big ticket items that most impact gdp are likely to be prioritized
paraphrasing a famous band of 20th century philosophers, van halen, Trump ain’t got no time to mess around
we’re working at Trump speed here, the man is a phenom
from CGTN an official CCP Mouthpiece
He Lifeng: China, U.S. high-level economic, trade talks candid, in-depth and constructivePolitics
02:49, 12-May-2025
CGTN
, Updated 04:04, 12-May-2025
The high-level economic and trade talks between China and the U.S. in Geneva were candid, in-depth and constructive, Chinese Vice Premier He Lifeng said on Sunday.
Substantive progress has been made, and important consensus has been reached between the two sides, said He, also the Chinese lead person for China-U.S. economic and trade affairs, at a press conference following the conclusion of the two-day talks with U.S. Treasury Secretary Scott Bessent, the U.S. lead person, and U.S. Trade Representative Jamieson Greer.
Both sides have reached an agreement on establishing a China-U.S. economic and trade consultation mechanism, and will conduct further consultations on issues of mutual concern, he said.
He said China and the U.S. will on Monday issue a joint statement reached during the talks.
The two sides have taken an important step to resolve differences through equal dialogue and consultation, he added.
Noting that the China-U.S. economic and trade ties are mutually beneficial and win-win in nature, he said China is ready to work with the U.S. side to manage differences, extend the list of cooperation, and make the pie of cooperation bigger.
Looks like somebody in the White House is going bye-bye!
This source Brad Setser is a POS from CFR who recently wrote a piece advising Europe how to “beat” Trump Admin. in trade negotiations.
WSJ:Bessent Says U.S.-China Trade Talks Were ‘Productive,’ Without Offering SpecificsTreasury secretary said substantial progress had been made with details to come Monday
https://archive.is/MDVBF
Sundance,
Who would be responsible for such an ignorant mistake? Not press Sec (I wouldn’t think)?
“Methinks whoever wrote the White House headline, that is (not accidentally) currently manipulating the markets, will be soon given the exit.”
Read Greer’s statement. He definitely references “the deal we struck,”
That does not mean that it is the final deal. That means “this is where we are now” in our dealings.
If this was the actual final deal then PDJT would be the one to announce it and not some helper in the WH.
“The deal we struck” probably means that we struck a deal to continue these negotiations.
“We agreed to continue to talk.”
“Perhaps with some agreed modifications of the Tariffs as we work towards a comprehensive agreement.”
Breathless reporters rush to display the effects of chronic hypoxia.
Well, they need those clicks, and whether they get them through lies or truth, well, they always pick lies because it can then be whatever they want it to be, where the truth only has one direction.
I saw that. But, the question I was left with is ‘agreement’ regarding what? Could that be the difference in perspectives?
Regardless, the question is who would run that headline without substantiating the facts.
It feels like another attempt to discredit the administration. Like we have seen in court appearance about the DemMS-13 human trafficer.
The White House itself ran that headline.
That’s why Sundance suspects a spanking awaits the creative headline writer.
Here is what I am asking and it is being addressed. An agreement to what:
https://x.com/thelastrefuge2/status/1921672384450326841?s=61&t=WAJNjiOb9WjI79tM2u9BXA
An agreement to seek an agreement is agreed.
That’s it.
” we’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency.”
I hope an escape clause exists because we know the Commies will cheat.
They always do. I think a trigger for resuming 140% tariffs will be included. Otherwise, we are just suckers.
There has been WAY too much market manipulation BS from Trump. Stocks. Crypto. Don Jr pumping.
It needs to stop.
You voted for this.
Democrats will still pay tax on tips, overtime & SS.
I did too.
Stop with the BS talking point. The markets responded every time Biden spoke to but the difference is that you and every other talking legacy media individual jumps on every up and down, whereas with Biden, and the other Presidents in the past, they always said, look squirrels. Lots and lots of squirrels over there.
As though they would announce it before PDJT does so.
Usual BS from FOX too
Of coarse, Faux is just as bad as the rest,worse really.
And just in passing, note potential nuclear war between Imdia and Pakistan was averted, as a direct result of PDJT’s intervention..
A deal or not a deal ?
That is the question.
No Deal!
An agreement for a “consultation mechanism”
Haha I posted that to you above also see the one from CGTN above.
The Bessent and Greer statements are somewhat confusing: Was the result just “substantial progress” as Bessent said? Or was an “agreement” or “deal” actually reached as Greer seemed to suggest?
Yes.
See here, we ain’t callin’ for no roundups, and we sure ain’t needin’ ‘em neither. But the slick operators, dressed up like good patriots, they’re the ones hollerin’ for arrests. Trouble is, the saps fall for it — hook, line, and sinker.
Now listen here — we ain’t askin’ for no clampdowns, and we sure don’t need the paddy wagon rollin’ in. But these smooth talkers, wearin’ the flag like a badge, they’re the ones bangin’ the drum for lockups. Problem is, the suckers buy it every time — swallowin’ the whole bait like greenhorns at a county fair.
Hmmm, cth, are you sure you are on the right thread?
Step back from the US China trade smoke. There is zero chance anyone on the US side would get out in front of an issue as important or costly as trade with China before PDT makes an announcement himself. There’s no
“Deal” sealed. There is likely a solid foundation for a trade agreement but there’s way too many moving pieces involving way too money for there to be any solid “deal”.
Indeed.
It would be irrational in the extreme to believe this could be so readily and timely resolved.
China should sell large grained salt in the interim.
We’ve only just begun.
US Trade Representative Jamieson Greer: This was, as the Secretary pointed out, a very constructive two days. It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as previously thought.
Just to remember why we’re here in the first place: The United States has a massive $1.2 trillion trade deficit. The President declared a national emergency and imposed tariffs. We’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency.
We made a deal to make a deal.
They should trade with India, their population is exploding…surely they need cheap goods.
Exactly – You stole my line-lol
A deal can mean and include many different things-
An agreement is a deal…
Establishing a US-China economic trade consultation mechanism is a deal of sorts.
Point is there is still more to come-
In intense and detailed negotiations, the Chinese and American parties have reached a deal
on the shape of the table and the seating arrangements.
.
Yes Stormy223.
In the meantime, our administration is working toward agreements with other nations to supply the rags, paper, and tin items we purchase from our CCCP enemy.
Niiice! 🙏✝️🙏
Since The headline doesn’t match what has been agreed to. Bessent says press conference tomorrow the CCP says joint statement tomorrow. So we wait…. in the meantime how did this quickly arranged meeting with Bessent, Greer(a 45 alum), CCP Vice premiere Li and two CCP vice ministers (one who Greer knew from last admin negotiations) get explained to Us? Bessent said they were meeting in Switzerland because the CCP trade negotiators were already travelling Europe having trade discussions with the Europeans. Meanwhile Our President says Friday that he is looking forward to meeting Vonderleyen in Washington. Today She says to politico that She will not meet President Trump until a deal with the Euros is mainly agreed upon. Meanwhile Vonderleyan is scheduled to meet with the CCP’s Xi in July. This was announced 6 days after President Trumps Liberation Day https://ec.europa.eu/commission/presscorner/detail/en/read_25_1004
So as Our team knows and sees the Europeans and Chinese are working behind our backs to influence Our trade negotiations between Us and them and amongst themselves. Vonderleyen calls CCP Vice President 6 days after Liberationa day to set meeting for July in Beijing. Early on Euros had high tariffs too so she wants to meet Xi to form a plan to work together against Us. Then the tariffs on the Euros get baselined to 10% by Us and the Euros decide to make the CCP come to them in Europe to negotiate. Bessent see this happening and says since we know you are already there why not meet in Switzerland publicly announcing to the Euros and The CCP we see all you clowns.
Vontoslayem is a Nasty.
Doubtless, someone or other will hear this fateful words, “You’re fired!!!”
Reads like a news statement to build you up, then let you down & open Trump up for critisisim….Someone perhaps not working in this WH’s best interest?
😉
Doh!
On Faux, they just posted the DOW futures…right now up 53 points.
Greer said “deal” somebody latched on to that… intentionally?
What is this trade court in manhattan gonna do to trumps ability to place tariffs on other countries? They are hearing arguments on Tuesday.