US treasury secretary: 'substantial progress' on 2nd day of trade talks with China

(11 May 2025)
RESTRICTION SUMMARY:

++QUALITY AS INCOMING++

ASSOCIATED PRESS
Geneva - 11 May 2025
1. Scott Bessent, US Treasury Secretary, and Jamieson Greer, US Trade Representative, walk out to reporters
2. SOUNDBITE (English) Scott Bessent, U.S. Treasury Secretary:
Good afternoon. I'm happy to report that we've made substantial progress between the United States and China in these very important trade talks. First, I want to thank our Swiss host, the Swiss government. It has been very kind in providing us this wonderful venue. And I think that led to a great deal of the productivity we've seen. We will be giving details tomorrow."
3. Close on entrance
4. SOUNDBITE (English) Scott Bessent, U.S. Treasury Secretary:
"But I can tell you that the talks were productive. We had the vice premier, two vice ministers who are integrally involved, Ambassador Jamison and myself. And I spoke to President Trump, as did Ambassador Jamison last night, and he is fully informed of what is going on."
5. Wide of entrance
6. SOUNDBITE (English) Jamieson Greer, U.S. Trade Representative:
"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 far as maybe thought. That being said, there was a lot of groundwork that went into these two days. Just remember why we're here in the first place, as the United States has a massive $1.2 trillion trade deficit. So the president declared a national emergency and imposed tariffs. And we're confident that the deal we struck with our Chinese partners will help us to resolve, work towards resolving that national emergency."
7. Greer and Bessnet leaving
STORYLINE:
The US Treasury Secretary said there has been "substantial progress" on Sunday, the second day of trade talks with China.

Scott Bessent added that further details will be shared on Monday.

"The talks were productive," he stressed, saying that U.S. President Donald Trump has been briefed.

Jamieson Greer, U.S. Trade Representative, echoed his remarks, adding that he is "confident that the deal we struck with our Chinese partners".

He also said that the "differences" between U.S. and Chinese negotiations were not as "large" as expected.
===========================================================

Clients are reminded to adhere to all listed restrictions and to check the terms of their licence agreements. For further assistance, please contact the AP Archive on: Tel +44(0)2074827482 Email: info@aparchive.com.

Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Twitter: https://twitter.com/AP_Archive
Facebook: https://www.facebook.com/APArchives ​​
Instagram: https://www.instagram.com/APNews/
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/a2887e7312c7406e8f085a1f4d384b42

Видео US treasury secretary: 'substantial progress' on 2nd day of trade talks with China канала AP Archive