President Donald Trump is teasing a major announcement coming amid peace talks and a potential trade deal with China.
“My next TRUTH will be one of the most important and impactful I have ever issued. ENJOY!” he wrote on his Truth Social platform.
In a preceding post, Trump promoted the success of his tariffs that he credits for bringing China to the table. “IN JUST THREE MONTHS, TRILLIONS OF DOLLARS (and therefore, record numbers of JOBS!) HAVE BEEN POURING INTO THE USA. THIS IS BECAUSE OF MY TARIFF POLICY, and our great November 5th Election WIN!”
Trump then poked at political detractors, posting “The very STUPID Democrats are doing everything within their power to disparage what is happening. They are totally unhinged, and have lost all levels of Confidence. It is a financial REVOLUTION, and they are being Crushed. MAGA!!!”
Treasury Secretary Scott Bessent on Sunday reported “substantial progress” in U.S. talks with China’s top economic officials to de-escalate a trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva.
Bessent told reporters that details would be announced Monday and that Trump was fully aware of the results of the “productive talks.”
U.S. Trade Representative Jamieson Greer, who participated in the talks with Bessent, Chinese Vice Premier He Lifeng, and two Chinese vice ministers, described the conclusion as “a deal we struck with our Chinese partners” that will help reduce the $1.2 trillion U.S. global goods trade deficit.
“And this was, as the secretary pointed out, a very constructive two days. 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, adding that the Chinese officials were “tough negotiators.”
The meeting was the first face-to-face interaction among Bessent, Greer, and He since the world’s two largest economies imposed tariffs well above 100% on each other’s goods.
Although Bessent has said the bilateral tariffs were too high and needed to come down in a de-escalation move, he did not offer any details of reductions agreed and took no questions from reporters.
Earlier, White House economic adviser Kevin Hassett said the Chinese were “very, very eager” to engage in discussions and rebalance trade relations with the U.S. Hassett also told Fox News that more foreign trade deals could be coming with other countries as soon as this week.
Overnight, Trump gave a positive reading of the talks, saying the two sides had negotiated “a total reset … in a friendly, but constructive, manner.
“A very good meeting today with China, in Switzerland. Many things discussed, much agreed to,” Trump posted on Truth Social.
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