U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.

GENEVA: The US and China ended high-stakes trade talks on a positive note on Sunday (May 11), with US officials touting a "deal" to reduce the US trade deficit, while Chinese officials said the sides

Treasury Department Secretary Scott Bessent said Sunday that “substantial progress” had been made in trade talks between the United States and China after meeting for two days in