Trump hails 'great progress' in US-China trade talks despite no major breakthrough

發佈日期: 2025-05-11 19:51
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U.S. President Donald Trump said "great progress" was being made in U.S.-China talks over tariffs, even suggesting a "total reset" was on the table.

Talks are continuing today in Geneva, Switzerland, though no major breakthrough was announced on Saturday after around 10 hours of discussions.

The meetings are aimed as resolving the tariff war between the U.S. and China that is dragging down the global economy.

U.S. Treasury Secretary Scott Bessent leaves his hotel in Geneva this morning for day two of trade talks with Chinese negotiators.

Bessent and Chinese officials did not say anything after more than 10 hours of talks on Saturday.

They didn't need to, because U.S. President Donald Trump was happy to provide an update.

Trump went to his Truth Social to hail trade talks in Geneva between U.S. and Chinese officials, despite low expectations of any major breakthrough.

A very good meeting today with China, wrote Trump. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S. an opening up of China to American business. GREAT PROGRESS MADE!!!

Chinese Vice Premier He Lifeng and his team are resuming talks with Bessent and U.S. Trade Representative Jamieson Greer in Geneva, reportedly at the residence of Switzerland's ambassador to the U.N.

The talks are aimed at resolving the tariff dispute that has played havoc with markets around the world and is threatening to bring down the global economy.

Trump has slapped up to 145 percent tariffs on most Chinese goods, while Beijing retaliated by imposing 125 percent tariffs on a variety of American products.

The U.S. wants to reduce its 295-billion-U.S.-dollar trade deficit with China and persuade Beijing to roll back what Washington says is a mercantilist economic model and contribute more to global consumption.

Earlier, at the White House, Trump appeared to soften his stance towards China, hinting that the tariff could come down to 80 percent.

Before the talks, China insisted that it remained opposed to any kind of tariff.

In an editorial on Saturday, Xinhua News Agency said the talks came about at the request of the U.S. and China only agreed to attend after considering global expectations, national interests and appeals from U.S. businesses and consumers.

It said China would firmly reject any proposal that compromises its core principles and undermines global equity.

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