Sun May 11 02:41:59 UTC 2025: ## Trump Claims “Great Progress” in US-China Trade Talks Amidst Global Economic Uncertainty

**Geneva, Switzerland –** President Donald Trump declared “great progress” in high-stakes trade negotiations between the United States and China, even suggesting a “total reset” is possible. The ten-hour meeting in Geneva, Switzerland, between U.S. and Chinese officials, including Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng, concluded without a major breakthrough announcement. However, Trump expressed optimism on his Truth Social platform, stating that “much was agreed to” and a “total reset” was negotiated.

While White House officials remained tight-lipped, sources confirmed that talks will continue on Sunday. The discussions, shrouded in secrecy, aim to de-escalate escalating trade tensions marked by massive tariffs imposed by both countries. Trump recently raised U.S. tariffs on Chinese goods to a combined 145%, prompting retaliatory measures from China, reaching 125%. These tariffs disrupt the over $660 billion in US-China trade, significantly impacting global markets.

Experts remain cautious, with Sun Yun of the Stimson Center noting the lack of substantive results thus far and emphasizing the need for tangible actions beyond mere statements. The Geneva talks mark the first meeting between He Lifeng and Scott Bessent. The current tariffs encompass a range of disputes, including concerns over China’s alleged unfair trade practices in advanced technologies, fentanyl trafficking, and a significant trade deficit.

The negotiations also involve Switzerland, a key trading partner for both the US and China. Trump recently suspended plans for significant tariffs on Swiss goods, causing concerns for the Swiss economy. The Swiss government is closely monitoring the situation, warning of economic consequences if trade tensions persist. Despite this, Switzerland has abolished industrial tariffs on most US goods, underscoring the country’s commitment to free trade. The outcome of the ongoing talks remains uncertain, but any significant reduction in tariffs would provide relief to global markets and businesses.

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