The White House announced a trade breakthrough with China after two days of negotiations in Geneva. Both countries described the agreement as a positive move. China even called it an “important first step.”
Trump Calls It a ‘Total Reset’
US President Donald Trump praised the talks. On Saturday, he said the discussions made “great progress” and described the development as a “total reset” in the relationship between the two countries.
In a post on Truth Social, Trump stated, “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner. We want to see, for the good of both China and the U.S., an opening up of China to American business. Great progress made!!!”
Deal to Reduce Trade Deficit
According to US officials, both sides reached a deal aimed at reducing the trade deficit. Meanwhile, Chinese representatives confirmed they had reached “important consensus” and agreed to start a new economic dialogue.
While exact terms remain unclear, a joint statement is expected on Monday in Geneva. Chinese officials suggested the announcement would be “good news for the world.”
No Tariff Cuts Yet
So far, neither country mentioned any decision to reduce the current high tariffs. The US still has tariffs at 145%, while China’s stand at 125%. Treasury Secretary Scott Bessent had earlier called these tariffs a “trade embargo” that should eventually be lifted.
US officials did not answer questions at the briefing. However, financial markets remain cautious. The ongoing trade war continues to disrupt supply chains, increase costs, and lead to job losses.
US Officials Optimistic
US Trade Representative Jamieson Greer spoke positively about the outcome. He confirmed, “a deal we struck with our Chinese partners” that will help cut down the $1.2 trillion US trade deficit.
Greer added, “And this was, as the Secretary pointed out, a very constructive two days. It’s important to understand how quickly we were able to reach an agreement, which suggests that perhaps the differences were not as great as previously thought.”
He also acknowledged the tough stance of China’s lead negotiators—He Lifeng, Li Chenggang, and Liao Min.
China Welcomes the Dialogue
Vice Premier He Lifeng described the talks at the WTO office as “candid, in-depth, and constructive”. He added, “The meeting achieved substantial progress and reached important consensus,” which earned applause from Chinese officials present.
