U.S. Trade Representative Greer: We ended up with a result that is very good for the US and China.

U.S. Trade Representative Greer: We ended up with a result that is very good for the US and China.

In a significant development, the United States and China have reached a trade deal following intense negotiations in Geneva over the weekend. The agreement, hailed by U.S. officials as a "total reset" in trade relations, aims to address the U.S.'s massive $1.2 trillion trade deficit [1].

U.S. Trade Representative Greer, who led the American delegation, described the outcome as "very good for the US and China." The White House press release noted that the deal includes provisions to reduce tariffs, increase market access, and address the trade imbalance [2]. While details of the specific terms are expected to be announced on Monday, the agreement is seen as a major breakthrough in the ongoing trade war.

Investors welcomed the conciliatory tone and the potential for a trade deal, which could help dispel uncertainty in financial markets. However, they remain cautious, awaiting more specifics on the deal's impact. "The direction sounds to be more cooperative rather than combative," said Eric Kuby, chief investment officer at North Star Investment Management Corp. [2].

The trade deal comes after two days of productive talks in Switzerland, where both sides emphasized their commitment to a constructive conclusion. Chinese Vice Premier He Lifeng described the meeting as "candid" and an important first step in improving trade relations [2].

While the full details of the agreement are yet to be revealed, the market's initial reaction has been positive, with stock futures surging on the news. The deal is expected to reboot relations between the U.S. and China, which have been strained by the ongoing trade dispute [2].

References:
[1] https://www.usatoday.com/story/news/politics/2025/05/11/trump-officials-say-trade-deal-reached-china/5233800001/
[2] https://finance.yahoo.com/news/wary-investors-hope-us-china-183539668.html