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The White House announces a trade agreement with China
The White House announced on May 11 that a trade agreement had been reached with China. Details of the agreement will be revealed in a media briefing on Monday. The negotiations took place in Geneva, led by American officials.
Treasury Secretary Scott Pisent and U.S. Trade Representative Ambassador Jamison Greer chaired the discussions. Both noted the progress made and the swift conclusion of negotiations, indicating a reduction in differences. The Chinese delegation's remarks have not yet been revealed.
The trade agreement may lead to changes in tariffs, affecting various sectors. Market analysts are eagerly awaiting the briefing on Monday to learn the details. Trade restrictions may be adjusted, which could benefit several sectors.
This agreement reflects the United States' strategy to rebalance trade and address the current deficit. The forecasts include potential shifts in the manufacturing sector back to the United States, as well as possibly new policies related to imports and exports.