
Donald Trump says there has been a “total reset” in US-China trade relations following the first day of talks between American and Chinese officials in Switzerland.
In a social media post, the US president described the talks as being “very good” and said change had been “negotiated in a friendly, but constructive, manner”.
An escalating trade war between Washington and Beijing has seen the US president hit Chinese imports to the US with tariffs of 145%. China retaliated with levies of 125% on some US goods.
Following months of back-and-forth, the two countries are meeting in Geneva this weekend for the first time since Trump hit China with tariffs at the start of the year.
Little information beyond the US president’s Truth Social post has so far emerged from the talks. They are due to continue on Sunday and are taking place between China’s vice-premier He Lifeng and US Treasury Secretary Scott Bessent.
“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!!!” Trump added.
On Friday, White House Press Secretary Karoline Leavitt said Washington would not lower tariffs unilaterally, and China would need to make its own concessions.
Both sides issued various other warnings ahead of the meeting, with Beijing saying the US must ease tariffs while Bessent stressed that the focus was on “de-escalation” and this was not a “big trade deal”.
Chinese state media reported that Beijing had decided to engage with the US after fully considering global expectations, the country’s interests and appeals from American businesses.
Credit: bbc.com
The post Trump praises ‘friendly, constructive’ US-China trade talks appeared first on The Ghanaian Chronicle.
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