US China trade talks: “Great progress”: Donald Trump about US China collective bargaining in Switzerland, “Total Reset” “Total Reset”.

On Saturday, US President Donald Trump claimed that “great progress” was achieved on the first day of the US China trade talks in Geneva, which signaled what he described in the relationships between the two largest economies in the world as “total reset”.
In a contribution about the social truth, the US President wrote: “A very good meeting with China in Switzerland. Many discussed things that have agreed a lot.

The discussions that aimed to relieve the tensions of trade took place in Villa Saladin with a view of the Genevasee and lasted over 10 hours.

The US delegation was headed by Finance Minister Scott Bessent and the sales representative Jamieson Greer, while the Chinese Vice Prime Minister he represented Lifeng Beijing. The two sides are expected to resume the talks on Sunday.
Like per APThe negotiations are held by close confidentiality without public statements from both sides. Several black vehicles were seen, as the Swiss ambassador's residence came to the United Nations after completing the talks.

These have been the first official negotiations since Trump increased the US tariffs for Chinese goods to 145% last month, which prompted Beijing to react with 125% taxes for American imports. The strong tariff hikes have effectively crippled the trade between the two nations and fear that a global economic downturn.

Accordingly The New York TimesThe expectations of a breakthrough remain modest, although the willingness to resume dialogue after weeks of silence is regarded as a positive development. “The best scenario is that the two sides agree to escalate on the … tariffs at the same time,” said Sun Yun from the Stimson Center and found that even a small reduction could signal the progress.
Trump has repeatedly defended his tariff strategy and described it as an instrument to protect the US interests and to reduce American trade deficit with China, which achieved $ 263 billion last year. However, he indicated on Friday that he could reduce the duties and said in another social contribution to the truth that an “80% tariff for Scott” appears correctly.
In addition to the imbalance of the trade, Trump also used tariffs to put China under pressure because of other topics. The 20% part of the levies is associated with a demand for more stricter measures from Beijing to Fentanylhandel. The broader trade war is also based on long -term US concerns regarding Chinese industrial policy and the alleged theft for intellectual property.
The conversations with China were not the only focus in Switzerland. Besser and Greer also met with the Swiss President Karin Keller Sotter. While Trump had threatened a tariff of 31% for Swiss goods, he temporarily reduced it to 10% to restore the higher interest rate. The Swiss government, as cited by APHarned that escalating trade voltages would harm key sectors such as watches and chocolate, but for the time being excluded retaliatory measures.