Friday, August 1, 2025

Donald Trump hails ‘total reset’ in US-China ties after tariff talks in Switzerland

Date:

US President Donald Trump on Sunday hailed what he described as a “total reset” in US-China relations following high-level tariff discussions in Switzerland.Posting on his platform Truth Social, Trump said the talks were “friendly, but constructive,” and emphasised that the aim was to reopen China to American businesses. “Great progress made!” he wrote, signalling optimism about a potential thaw between the two economic powers.


Trump’s comments came as US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are leading two-day negotiations in Geneva following the tariff hikes imposed by both sides.The negotiations, focused on tariffs that threaten to disrupt global trade, lasted over 10 hours on Saturday and were expected to resume on Sunday, according to a US official, as reported by the Associated Press.

These renewed discussions follow Trump’s recent move to raise tariffs on Chinese imports to 145%, prompting Beijing to respond with a 125% levy on American goods.

Meanwhile, Trump continued to present tariffs as a strategic economic tool. On Friday, he hinted at a possible easing, writing on Truth Social: “80% Tariff on China seems right! Up to Scott.?”

Despite this, he has remained committed to using tariffs as leverage, citing concerns over fentanyl inflows and long-standing disputes regarding China’s alleged intellectual property theft and unfair trade practices.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

NSDL IPO: Existing shareholders from NSE to IDBI Bank gain up to 400x on their investment

From State Bank of India to IDBI Bank, existing...

3 easy ways to improve your credit score before applying for a personal loan

यदि आप सोच रहे हैं कि आपके व्यक्तिगत ऋण...

Flight attendants sue Boeing over MAX 9 panel blowout incident, paper says

Four flight attendants on the Alaska Airlines 737 MAX...

New India Assurance Q1 premium up 13% to ₹13,334 crore; profit rises despite Air India impact

State-run New India Assurance Company Ltd on Tuesday (July...