US-China trade talks: ‘Great Progress Made’: Donald Trump on US-China tariff talks are being held in Switzerland, ‘Total Reset’.

US President Donald Trump on Saturday claimed that “great progress” was made during the first day of high-day US-China trade talks in Geneva, indicating that he had called a “total reset” in relations between the world’s two largest economies.
In a post on Truth Social, the US President wrote, “A very good meeting with China in Switzerland was discussed today. Many agree. A lot of agreed. Total reset talked about a friendly, but creative, manner. We want to see, for the good of both China and America, American business for a inauguration of both China and America, American business. Great progress made !!!”

Discussion, with the aim of reducing trade tension, took place in Villa Saladin with a view of the Geneva Lake and lasted for 10 hours.

The US delegation was led by Treasury Secretary Scott Bassant and business representative Jaimison Greer, while the Chinese Vice Premier He represented Beijing. The conversation with both sides is expected to resume on Sunday.
As APThe conversation is being conducted under tight secrecy, there is no public statement from both sides. Many black vehicles were seen leaving the residence of the Swiss ambassador to the United Nations after the talks ended.

These are the first official dialogue as Trump jointly increased the US tariff to 145% on Chinese goods, which inspired Beijing to respond with 125% levy on US imports. Tej Tariff Hike has effectively crippled trade between the two countries and shaken the possibility of global economic recession.

As the new York TimesExpectations for a success remain modest, although the desire to resume dialogue after silence is seen as a positive development. “The best scenario for both sides is at the same time … to agree to the D-Suscule on the tariff,” the Sun of the Stimson Center said, seeing that a small shortage may indicate progress.
Trump has repeatedly defended his tariff strategy, calling them a tool to protect American interests and reduce the US trade deficit with China, which reached $ 263 billion last year. However, he indicated on Friday that he could reduce duties, saying in another true social post, saying “80% tariff seems correct!” To Scott. “
Beyond the trade imbalance, Trump has also used tariffs to pressurize China on other issues. 20% of the levy is associated with the demand for strict action by Beijing on Phantanile smuggling. Comprehensive trade war also stems from American concerns about Chinese industrial policies and alleged intellectual property theft.
In Switzerland, talks with China were not the only attention. Besant and Greece also met with Swiss president Karin Keller-Sawar. While Trump threatened 31% tariff on Swiss goods, he temporarily reduced them by 10% with the possibility of restoring high rates. Swiss government, as quoted APHas warned that increasing trade tension will cause damage to major areas such as watches and chocolate, but has denied anti -retaliation measures.