After two days of high-level negotiations in Geneva, President Donald Trump's top trade officials reported significant progress toward a new U.S.-China trade agreement.
In a significant development, Chinese President Xi Jinping has dispatched Minister of Public Security Wang Xiaohong to Switzerland for high-level trade negotiations with the United States.
President Donald Trump’s aggressive tariff strategy is delivering a major boost to American manufacturers, with new orders and job growth climbing as companies move away from Chinese suppliers. A 145% tariff on Chinese goods has made American-made products more competitive, forcing many firms to reshore operations and invest in U.S.-based production.
President Donald Trump attributed recent stock market declines to former President Joe Biden's economic policies, distancing his own administration's tariffs from the downturn.
U.S. Treasury Secretary Scott Bessent said the administration is "very close" to completion of multiple trade deals with U.S. trading partners in Asia.
President Donald Trump personally called Amazon founder Jeff Bezos on Tuesday to address reports that the company planned to highlight tariff-related price increases on its platform — a move viewed by the Trump administration as a political jab. The call came in response to a report by CNN’s Alayna Treene, who cited two anonymous senior White House officials.