U.S. Treasury Secretary Scott Bessent said the U.S. made “significant progress” at China's tariff meeting – Country

U.S.-led U.S. negotiators cited “extreme productivity” in negotiations with China to address the differences between the world’s two leading economic powers after President Donald Trump’s serious tariffs and Beijing’s retaliation.

Treasury Secretary Scott Bessent said Sunday there was “significant progress” at the weekend meeting but provided little detail on the exact negotiations. He said details for the next day will appear in the briefing.

During the negotiations, the Chinese representative did not immediately comment.

Compared to his partner, U.S. Trade Representative Jamieson Greer, Bessent was more cautious in evaluating the game state.

“It is important to understand that we can reach a consensus quickly, which reflects that differences may not be possible,” Greer said.

After the statement was made at the press conference, Bessent, who did not talk about any transaction or agreement, asked no questions.

The White House then issued a statement titled “The United States announced China Trade Agreement in Geneva” but only offered the same offer from Bessent and Greer.

Trump himself also put forward a positive tone, showing on social media Saturday night that he thought “massive progress” could be a “complete reset” of tariffs that put the global economy at an advantage.

However, Beijing has taken a bigger measure of the overall direction of negotiations. China, published in its editorial to the state-run news agency, before the negotiations began on Sunday, said he “will firmly reject any proposals that undermine the core principles or undermine the wider global equity”.

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The discussion was held in a stately villa, the residence of the Swiss ambassador to the United Nations.

Negotiations may help stabilize the United States-China standoff makes the world market on the world market, which ships in ports, and China is reluctant to unload cargo until they get the final news of tariffs.

Trump raised U.S. tariffs on China in total 145% last month, and China retaliated by attacking U.S. import taxes with a 125% tax. The high tariffs are basically attributed to countries boycotting each other’s products, destroying trade last year by more than $660 billion.

“Negotiations should never be an excuse for ongoing coercion or extortion, and China will firmly reject any proposals that undermine the core principles or undermine the wider cause of global equity,” Xinhua News Agency said in an editorial.

Still, senior members of the Trump administration are following the president’s leadership, insisting that a reset of our trade relations with China may be happening.

“Secretary Becente made it clear that one of his goals is to downgrade,” said U.S. Commerce Secretary Howard Lutnick, who is not in Geneva on Sunday's Fox News, adding that both the U.S. and China impose tariffs that are “too high to do business, but that's why they're talking now.”

“We are consumers of the world. Everyone wants to sell their own goods here.” So they need to do business with Americans, and we are using the power of the economy to open up the economy to exporters. ”

“There is a good chance that the relationship will be restarted. It seems that the Chinese are very eager to play the ball and bring things back together,” Kevin Hassett, director of the White House National Economic Commission, told Fox News Channel's “Sunday Morning Futures.”

“We start essentially, starting with the Chinese, and they seem to think they really want to rebuild a relationship that is good for both of us,” Hassett said.

The negotiations marked the first time the two sides discussed these issues face to face. Although the prospect of a breakthrough is small, even a small drop in tariffs, especially taking it at the same time, can also help restore some confidence.

“To start to lower the expansion of the U.S.-China trade war,” said Jake Werner, principal of East East East Satute Statecraft at Quincy, in an email. “It is a positive sign that both sides can gracefully surpass the quarrel they had to call first.”

The Trump administration has imposed tariffs on countries around the world, but the fight with China is the most intense. Trump's import tax on goods from China includes 20% charges aimed at putting pressure on Beijing to prevent the flow of synthetic opioid fentanyl into the United States.

The remaining 125% of the disputes involved can be traced back to Trump's first term and imposed tariffs on China at the time, meaning that the total tariffs on certain Chinese goods could be more than 145%.

& Copy 2025 Canadian Press