Trump: Constructive Talks held with China, Agreement on ‘Full Reset’ of Trade Relations

US President Donald Trump praised the results of talks with the Chinese side in Switzerland yesterday, describing them as a “full reset, conducted in a friendly but constructive manner.”

These talks come weeks after the exchange of tariffs between Washington and Beijing.

Trump wrote on his social media platform, Truth Social, that the meeting with Chinese officials was “very good,” noting that many issues were discussed and several points were agreed upon.

The US president continued: “We would like to see greater openness from China to American companies, for the benefit of both countries. Great progress has been made.”

The US president did not elaborate on the progress made in this round of negotiations.

Senior officials from the United States and China concluded the first day of talks in Geneva, Switzerland, on Saturday, in an effort to defuse escalating trade tensions between the world’s two largest economies, which threaten to cause significant damage to the global economy. An informed source reported that the two sides intend to resume negotiations later on Sunday.

The Chinese delegation was led by Vice Premier He Lifeng, while the US side was represented by Treasury Secretary Scott Besant and Trade Representative Jamison Greer.

Neither delegation issued official statements regarding the details of the discussions or the progress made in reducing the mutual tariffs previously imposed by both sides by more than 100%.

It is noteworthy that these talks come in the wake of escalating trade tensions between Washington and Beijing, which have slowed the annual bilateral trade volume of approximately $600 billion and caused widespread disruptions to global supply chains and financial markets, amid fears of a global economic recession.

The US administration is seeking to reduce the trade deficit with China, which has reached approximately $295 billion, and is encouraging Beijing to adjust its economic model towards increasing domestic consumption and reducing reliance on exports, a step that requires sensitive internal structural reforms. For its part, China considers some of Washington’s demands to be interference in its internal affairs and calls for equal treatment in global economic relations, including lowering tariffs and clarifying the list of goods the United States wants China to increase its imports of.