Quotes
As two of the most important trading partners in the world, trade between China and the US is both huge in size and affects many other countries, the consensus reached from this meeting signals the two sides are seeking to achieve a certain level of stability in trade and economic matters, instead of skidding further toward confrontation,
Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Monday
It's important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought,
Greer said
U.S. Announces China Trade Deal in Geneva,
read the White House's headline for a transcript of Treasury Secretary Scott Bessent's and U.S. Trade Representative Jamieson Greer's remarks to reporters
The ‘full and comprehensive’ trade deal between the US and the UK announced in a rush today by President Donald Trump and PM Keir Starmer is no such thing,
the analysts wrote in a note to clients shortly after the agreement was announced
I think we’re going to have a good weekend with China,
Trump said during Thursday’s presentation of a preliminary U.K. trade agreementDe-escalating, bringing those rates down to where they could, where they should be, I think it’s Scott Bessent’s goal,
Commerce Secretary Howard Lutnick told CNBC on FridayWe’re going to make a fortune with Tariffs, only smart people understand that,
Trump wroteI’m happy to report that we made substantial progress between the United States and China in the very important trade talks,
Bessent said
We’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency,
Greer addedA very good meeting today with China, in Switzerland. Many things discussed, much agreed to,
Trump wroteWe will be giving details tomorrow, but I can tell you that the talks were productive,
Treasury Secretary Scott Bessent said in a statement released to the press Sunday afternoonI am pleased with the positive outcome of the talks between the United States and China in Geneva. These discussions mark a significant step forward and, we hope, bode well for the future,
Okonjo-Iweala saidChina and the United States will finalize the relevant details as soon as possible and will issue a joint statement reached at the talks on May 12,
according to a readout from the Chinese delegationThe fact that both sides are showing some willingness to have a bit of give and take to kind of get into conversation —that’s positive,
said Emily Kilcrease, former deputy assistant U.S. trade representative during the end of Trump’s first term and the beginning of former President Joe Biden’s termIt's nice that they're talking. But my expectations for the actual outcomes of this first round of talks is pretty limited,
Sheets from Citigroup said
The talks reflect that the current state of the trade relations with these extremely high tariffs is ultimately in the interests of neither the United States nor China,
Citigroup global chief economist Nathan Sheets told AFP
It looks like the Chinese are very, very eager to play ball and to re-normalize things."
Top White House economic advisor Kevin Hassett told Fox News
The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol, and virtually all the products produced by our great farmers."
He added
Today's agreement with the UK is the first in a series of agreements on trade that my administration has been negotiating over the past four weeks,
he saidAnd I spoke to President Trump, as did Ambassador Jamieson, last night, and he is fully informed of what is going on,
he added