'Total Reset': Trump Says 'Great Progress Made' On Trade Talks Between US, China

Earlier, Trump floated the possibility of reducing tariffs on Chinese imports to 80 per cent and demanded that Beijing open up its market to the USA.

US President Donald Trump says 'great progress' has been made in trade talks between the United States and China.

Source : PTI

US President Donald Trump said on Sunday that there was "great progress made" on trade talks between the United States and China, amid a possible thaw in the trade war sparked by his massive tariffs. 

"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," Trump posted on Truth Social. 

"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!!!” he added. 

Trump commented for the first time after a day of talks in Geneva between US officials, including Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, and Chinese officials. 

According to a CNN report, quoting sources, the talks will continue on Sunday. 

Earlier this week, Bessent appealed to the public not to expect a major trade deal out of the meetings. But he acknowledged that it was a major step in negotiations. 

The talks are being led by Vice Premier He Lifeng from the Chinese side, according to state broadcaster CCTV. Chinese state-run news agency Xinhua termed the talks in Switzerland "an important step towards resolving the issue," 

US-China Trade War 

The talks come after the US slapped a minimum of 145 per cent tariffs on most Chinese imports, while China responded with a 125 per cent tariff on most US imports. Consequently, the trade between the two countries is falling sharply, according to logistics experts, as per the CNN report. 

On Friday, hours after Bessent and Greer left for Switzerland, Trump floated the possibility of reducing tariffs on Chinese goods to 80 per cent while demanding that China "open up its market to the USA." 

“80% Tariff on China seems right! Up to Scott B,” Trump said in a Truth Social post.