Today (May 12 Beijing Time), the official White House account tweeted: "Breaking news: The United States announces a trade agreement with China in Geneva."
The machine-translated version of the White House post can be seen in Figure Two. U.S. Treasury Secretary Scott Beesont stated: "I am pleased to report that we have made substantial progress in our important trade negotiations between the United States and China." U.S. Trade Representative Jamison Gray emphasized: "These were very constructive two days. It is important to understand how quickly we were able to reach an agreement, which reflects that the differences may not be as large as people imagine."
China's side stated: "This high-level economic and trade talk between China and the United States was candid, in-depth, and constructive, reaching significant consensus and making substantial progress. Both sides agreed to establish a Sino-US economic and trade consultation mechanism. Both parties will soon finalize relevant details and will release the joint statement reached during the talks on May 12th." (As shown in Figure Three)
[Wit] Comment: First, wait for the joint statement released by both Chinese and American sides, observe whether there are more details in the joint statement. In fact, the ability to release a joint statement itself is a positive sign. At present, the biggest achievement should be that both sides agreed to establish a Sino-US economic and trade consultation mechanism. The game will continue, and one meeting cannot solve all problems. China has patience and resilience, and we will firmly uphold national interests.
Original source: https://www.toutiao.com/article/1831863664904196/
Disclaimer: This article only represents the author's personal views.