Trump Declares 'Total Reset' in U.S.-China Trade Talks Amid Ongoing Tensions
President Trump claims 'great progress' was made in recent trade discussions with China, as talks are set to continue this weekend in Geneva.
Summary
U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer engaged in extensive trade talks with Chinese officials in Geneva on May 10. During these discussions, President Trump communicated an optimistic view, suggesting that the U.S. could lower tariffs from 145% to 80%. Despite his claims of 'great progress' and a 'total reset' in relations, skepticism remains about any significant breakthrough. Chinese officials, represented by Vice Premier He Lifeng, criticized U.S. tariffs as 'illegal'. Talks will continue on Sunday to negotiate terms affecting over $660 billion in trade.
Articles (21)
- The Trump administration's aggressive tariff strategy and the resulting trade talks signal a disregard for established trade protocols and may further strain U.S.-China relations.
- While Trump boasts about a 'total reset', these tariffs have created a de facto embargo, harming consumers and businesses in both nations, highlighting the consequences of unilateral trade actions.
- The upcoming talks are likely to yield little positive progress as fundamental disagreements over trade practices and tariffs remain unresolved.
The Guardian·21d· "…The trade dispute, combined with Trump’s decision last month to impose duties on dozens of other countries, has disrupted supply chains, unsettled financial markets and stoked fears of a sharp global downturn."
PBS NewsHour·22d· "…Prospects for a major breakthrough appear dim."
Al Jazeera·22d· "…With distrust running high, both sides have been keen not to appear weak, and economic analysts have low expectations of a breakthrough."
Boston Globe·22d· "…The fight with China has been the most intense."
The Guardian·22d· "…The trade dispute, combined with the decision by the US president, Donald Trump, last month to impose duties on dozens of other countries, has disrupted supply chains, unsettled financial markets and stoked fears of a sharp global downturn."
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