Donald Trump expressed optimism after the first day of US-China trade talks in Geneva, calling it a 'total reset' aimed at defusing escalating trade tensions. The discussions featured US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer meeting with China's Vice Premier He Lifeng for eight hours, emphasizing the need for closer economic ties. Trump's recent tariffs on China, which have seen rates soar up to 245%, and retaliatory measures from Beijing have created a trade standoff impacting $600 billion in annual trade exchanges. The outcome of these talks remains uncertain as both sides did not disclose specific results.
Trump emphasized the goal of opening China to American business, calling the conversation a âtotal resetâ aimed at benefiting both economies. His assessment was positive and he communicated it energetically.
The discussions, characterized by friendly yet constructive exchanges, followed a significant escalation in trade tensions due to hefty tariffs placed by both nations, marking a pivotal moment in US-China relations.
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