US and China Finalize Trade Deal, Details to Follow Monday

The White House announced on Sunday that the United States and China have successfully reached a trade agreement in Geneva, following two days of intense negotiations. US Treasury Secretary Scott Bessent called the discussions “productive” and confirmed that full details would be shared on Monday.

US Trade Representative Jamieson Greer emphasized the swift pace at which the agreement was achieved, noting that both nations had fewer differences than previously assumed. He added that the US entered talks due to its massive $1.2 trillion trade deficit, which had led the President to impose tariffs under a national emergency. Greer expressed confidence that the deal would move the US closer to solving this crisis.

The development marks a significant shift in US-China trade relations, which had previously been strained by steep tariffs as high as 145%. These tensions had temporarily benefited India, as US companies began sourcing more goods from Indian suppliers. Some Chinese exporters even reached out to Indian firms to fulfill US orders during the conflict.

However, this new US-China deal could reverse that trend. If tariffs are reduced, China might regain its competitive edge, potentially limiting India’s opportunity to expand its role in global trade — especially while it negotiates its own trade agreements with Western countries.