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Both sides very committed to the 90-day pause period

By: bitcoin ethereum news|2025/05/12 16:00:13
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US Trade Representative (USTR) Jamieson Greer is speaking at the scheduled briefing on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland. Key quotes There was mutual respect and understanding between both sides Effective embargo was not a sustainable practice for both sides. Both sides are very committed to the 90-day pause period. Fentanyl issue remains unchanged for now. We ended up with a result that is very good for the US and for China. We have a constructive path forward to have a positive conversation with the Chinese. This agreement is about reciprocal tariffs which are now at 10% each. Fentanyl is on its own track but a very positive track, we are having very constructive conversations. When asked about toughest part of negotiation, it was trying to repair channels of communication from past administration. We have tried hard to work within the multilateral system but manufacturing went to China. Source: https://www.fxstreet.com/news/ustr-greer-both-sides-very-committed-to-the-90-day-pause-period-202505120715

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