Donald Trump tariffs live updates: Trump brings “Total Reset” in the US China trade relationships while the talks are continued

Trump brings “Total Reset” in the US China trade relationships while the conversations are continued

In the US China trade relationships, US President Donald Trump rewarded a “total reset” before a second day of talks between the top officials from Washington and Beijing, who aimed to de-escalate trade voltages triggered by his aggressive tariff rollout.

In a social post in the early Sunday truth, Trump praised the “very good” discussions and considered them “negotiated as a friendly but constructive way”.

The second day of the meetings with closed doors between US finance minister Scott Bessent, the sales representative Jamieson Greer and the Chinese Vice Prime Minister He Lifeng should be resumed in the morning, according to a person who was familiar with the talks who were not entitled to speak publicly.

“These conversations reflect that the current state of trade relationships with these extremely high tariffs ultimately lies neither in the United States nor in China,” the global chief economist of Citigroup, Nathan Sheets, told AFP.

The first time the discussions are that high -ranking civil servants from the two largest economies in the world have got to know each other in face to tackle the thorny trade theme since Trump has hit China in the past month and triggered a robust retaliation of Beijing.

The taxes that Trump have currently imposed on the Asian production giant since the beginning of the year to 145 percent, with the cumulative US obligations for some Chinese goods reaching astonishing 245 percent.

As a retaliation, China placed 125 percent tariffs on US goods and consolidated what seems to be an almost trading embargo between the two countries.

“This is a loss that is available that tariffs are so high,” said Sheets, formerly the US finance minister among secretary for international matters.

Before the meeting, Trump signaled that he could lower the tariffs, which suggests that a “80% tariff for China”!

However, his press spokeswoman Karoline Leavitt later made it clear that the United States would not unilaterally lower the tariffs and that China also had to make concessions.