White House Says It Reached A Trade Deal With China—Though Details Remain Unknown
1. A trade deal with China was announced, though details are pending. 2. U.S. Treasury Secretary cited 'substantial progress' in talks held in Geneva. 3. Trump hinted at reducing tariffs to 80% on Chinese imports. 4. China's current 125% tariff on U.S. imports exceeds U.S. tariffs. 5. China had a $295 billion trade surplus with the U.S. last year.