White House claims 'substantial progress' on China trade deal

Quick Summary:

According to a May 11 announcement from the White House, more details on the trade talks and the proposed "agreement" will be revealed on May 12.“I am happy to report that we made substantial progress between the United States and China in the very important trade talks," Treasury Secretary Scott Bessent said in a joint statement with US trade representative Jamieson Greer.

Related: Bitcoin nears $100K as Trump set to reveal trade deal with UKTrump's tariffs cause chaos in markets and draw widespread criticismAlthough traditional financial and digital asset markets have recovered and retraced some of the value lost following the initial price shock brought on by US President Donald Trump's sweeping trade tariffs, investor uncertainty still looms over asset markets.

Greer made mention of the deal but did not give any details on the talks, leaving investors in doubt about the substance of the announcement, as market participants continue to monitor the ongoing trade tensions for signs of relief for financial markets.

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Author / Journalist: Cointelegraph by Vince Quill

Category: Crypto

Markets: United StatesChina

Topics: Markets Details Announced Administration Talks Deal Trade Trump White Made Tariff

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-11 @ 22:19:23 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28581705

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