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'Substantial progress': US reaches deal to cut trade deficit with China

Hindustan Times Gurugram

|

May 12, 2025

US Treasury Secretary Scott Bessent on Sunday reported "substantial progress" in US talks with China's top economic officials to de-escalate a damaging trade war, but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva.

- Agencies

GENEVA:

Bessent told reporters that details would be announced on Monday and that US President Donald Trump was fully aware of the results of the "productive talks."

US 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 US global goods trade deficit.

Hindustan Times Gurugram से और कहानियाँ

Hindustan Times Gurugram

India’s top-performing AI stock faces scrutiny after 55,000% surge

The world’s best-performing stock is turning into a cautionary tale for investors chasing outsized returns from the artificial intelligence boom.

time to read

2 mins

December 19, 2025

Hindustan Times Gurugram

Belgium, EU face off over Russian assets as Putin calls leaders ‘pigs’

Belgium insisted on Thursday that its European Union partners must provide ironclad guarantees that it will be protected from Russian retaliation before it would back a massive loan for Ukraine, AP reported.

time to read

1 min

December 19, 2025

Hindustan Times Gurugram

Hindustan Times Gurugram

Modi conferred with Oman's top honour

Prime Minister Narendra Modi was on Thursday conferred with the Order of Oman, a top civilian honour of the country, by Sultan Haitham bin Tarik for “his contributions to bilateral ties and visionary leadership”.

time to read

1 min

December 19, 2025

Hindustan Times Gurugram

Presence at natl camps must for selection: WFI

The Wrestling Federation of India’s new selection policy has made attendance at national camps mandatory for selection to the India team prohibiting wrestlers from training independently.

time to read

1 mins

December 19, 2025

Hindustan Times Gurugram

Need urgent roll-out of UPI market-share caps

here isa warning for all trusted systems in India in Indigo's recent operational meltdown.

time to read

3 mins

December 19, 2025

Hindustan Times Gurugram

Hindustan Times Gurugram

AI carbon footprint equals 8% of global aviation emissions

The boom in artificial intelligence in 2025 led to as much carbon dioxide (CO2) being released into the atmosphere as New York City does annually, according to a new study, The Guardian reported.

time to read

1 min

December 19, 2025

Hindustan Times Gurugram

Gzb: Body of landlady, killed by tenants, found in suitcase

High-rise rent horror

time to read

2 mins

December 19, 2025

Hindustan Times Gurugram

An evening of dance, legacy and grace

Just like every art form, dance, at its core, is a dialogue of aesthetics, technique, and expressive depth.

time to read

1 min

December 19, 2025

Hindustan Times Gurugram

MP: 3.5mn names likely to be deleted from rolls

Around 3.5 million names are likely to be removed from the electoral rolls of Madhya Pradesh after the first phase of Special Intensive Revision (SIR), state poll officials said on Thursday, a day before the draft rolls will be published.

time to read

1 min

December 19, 2025

Hindustan Times Gurugram

Employment in food delivery rises 27% amid rapid expansion

India’s food delivery sector directly employed 1.37 million workers in 2023-24, up from 1.08 million in 2021-22, expanding at a compounded annual growth rate (CAGR) of 12.3%, according to a recent study by the National Council of Applied Economic Research (NCAER), and investment group Prosus.

time to read

1 mins

December 19, 2025

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