#Latest news with #AmbassadorJamisonBloomberg12-05-2025BusinessBloombergBessent Unveils US-China Tariff Pause for 90 DaysLive on Bloomberg TV CC-Transcript 00:00We had very productive talks. And I believe that the venue here in Lake Geneva added great equanimity to what was a very positive process. We have reached the an agreement on a 90 day pause and substantially move down the tariff levels. Both sides on the reciprocal tariffs will move their tariffs down 115%. We had very robust discussions. Both both sides showed great respect. It was a chance for me to meet the Chinese delegation, the Vice Premier. I had previously had only a video call with Ambassador Jamison, was familiar with the two of the other leaders on the delegation from his previous time. So there was very good personal interaction. Both countries represented their national interest very well. We concluded that we have a shared interest and we both have an interest in balanced trade. The U.S. will continue moving towards that.
Bloomberg12-05-2025BusinessBloombergBessent Unveils US-China Tariff Pause for 90 DaysLive on Bloomberg TV CC-Transcript 00:00We had very productive talks. And I believe that the venue here in Lake Geneva added great equanimity to what was a very positive process. We have reached the an agreement on a 90 day pause and substantially move down the tariff levels. Both sides on the reciprocal tariffs will move their tariffs down 115%. We had very robust discussions. Both both sides showed great respect. It was a chance for me to meet the Chinese delegation, the Vice Premier. I had previously had only a video call with Ambassador Jamison, was familiar with the two of the other leaders on the delegation from his previous time. So there was very good personal interaction. Both countries represented their national interest very well. We concluded that we have a shared interest and we both have an interest in balanced trade. The U.S. will continue moving towards that.
12-05-2025
