US, China Make Substantial Progress in Geneva Trade Talks

The United States and China concluded two days of high-level trade talks in Geneva, with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer describing the outcome as "substantial progress" and signaling a possible "total reset" in trade relations. These were the first face-to-face meetings since Washington imposed new tariffs on Chinese goods, which China reciprocated with tariffs on American products, escalating trade tensions. President Donald Trump hailed the talks as "very good" and "friendly but constructive," suggesting potential tariff adjustments contingent on Chinese concessions. Both sides found common ground more quickly than expected, and U.S. officials emphasized a spirit of mutual respect and shared interest, although detailed outcomes are pending further briefings. The negotiations aimed to address the U.S.'s large trade deficit with China and open Chinese markets to American businesses, with hopes to ease the ongoing trade war. No immediate confirmation came from the Chinese side, but optimism remains high for future cooperation.