Press Article: Trump Declares "Total Reset" in US-China Trade Relations Following Geneva Talks
Geneva, Switzerland — In a significant development aimed at easing escalating trade tensions, President Donald Trump announced a “total reset” in US-China trade relations following the first day of crucial negotiations between American and Chinese officials. Held in Geneva, the discussions mark the first face-to-face meeting since both nations imposed heavy tariffs on each other’s goods earlier this year.
Trump took to his Truth Social platform to express optimism about the “very good” talks, characterizing them as conducted in a “friendly, but constructive” manner. While he did not provide specifics, he claimed that “great progress” was made.
The ongoing negotiations involve key figures including US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, who met with China’s Vice-Premier He Lifeng for approximately eight hours. Since the onset of the tariff dispute — which has seen US tariffs on Chinese goods soar to 145% and Chinese retaliatory tariffs reach 125% — bilateral trade, valued at nearly $600 billion, has been effectively paralyzed.
Despite high hopes, economic analysts remain skeptical about immediate breakthroughs. Trump’s press secretary indicated that the US would not unilaterally lower tariffs without concessions from China.
China’s state media commented on the talks, identifying them as a “positive and necessary step” while criticizing the US for “reckless abuse of tariffs” that disrupts global economic stability. As discussions are set to continue, Swiss Economy Minister Guy Parmelin noted that hosting these talks is a success in itself and expressed hope for a roadmap to de-escalation.
The crucial meetings represent a litmus test for transforming trade relationships between the world’s largest economies, with further discussions potentially extending into Monday.
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Photo credit www.theguardian.com
