Us-china Trade Talks Stretch 8 Tense Hours As Trump Touts ‘reset’. Here’s What Happened

President Donald Trump connected Saturday declared a "total reset" successful U.S.-China waste and acquisition relations aft high-stakes talks successful Switzerland, calling nan closed-door gathering “friendly, but constructive.”

In a station connected Truth Social, Trump described nan Geneva negotiations arsenic “a very bully meeting” and claimed “great progress” had been made, though he gave nary details. “We want to see, for nan bully of some China and nan US, an opening up of China to American business,” he wrote.

The talks, held astatine nan Swiss ambassador’s lakeside residence successful Cologny, marked nan first nonstop brushwood betwixt U.S. Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng since a tit-for-tat tariff warfare escalated earlier this year.

After an eight-hour session, nary associated connection aliases circumstantial concessions were announced. Discussions are group to resume Sunday, according to a root adjacent to nan matter.

The stakes are high. Trump has hiked tariffs connected Chinese equipment to 145%, triggering Chinese retaliation of up to 125% and freezing astir $600 cardinal successful trade. Beijing has slammed Washington’s moves arsenic “reckless maltreatment of tariffs,” while seeking a 90-day waiver akin to deals nan U.S. has offered different nations during negotiations.

Despite nan deficiency of breakthroughs, Swiss Economy Minister Guy Parmelin praised nan specified occurrence of nan gathering arsenic “already a success.”

China, which denies initiating nan talks, continues to cull what it calls U.S. interference successful its economical policy. In a Saturday commentary, nan charismatic Xinhua News Agency said China’s “determination to safeguard its improvement interests is unshakable.”

Trump connected Friday floated a imaginable rollback to 80% tariffs—his first actual proposal of a compromise—but analysts stay skeptical. “Expectations are low,” Parmelin admitted.

China’s He is besides expected to meet World Trade Organization main Ngozi Okonjo-Iweala earlier leaving Geneva, signaling an world push to de-escalate.

Published on: May 11, 2025 8:47 AM IST