President Donald Trump made an important statement that may help calm escalating trade tensions after the first day of high-level trade talks between the United States and China in Geneva, marking first face-to-face negotiations since both nations imposed tariffs earlier this year. AP News/Reuters/Investor’s Business Daily Trump posted on Truth Social his impressions of today’s meeting in Switzerland as “very productive”, noting how many topics had been discussed and agreed upon as well as negotiations to take place “in a friendly but constructive manner,” including his desire for increased access for American businesses in China, noting “we want to see an opening up of China to American business – GREAT PROGRESS MADE!!!”. Reuters, WSJ and Axios all reported positive results as did The Guardian (reference Reuters +2). Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer led the U.S. delegation, while Vice Premier He Lifeng and Public Security Minister Wang Xiaohong from China comprised their counterparts on both sides of the table for Saturday’s talks at Swiss Ambassador Reyner Bischoff’s residence… with discussions covering issues including tariff reductions and market access. With discussions lasting eight hours at Swiss ambassador Reynard’s residence on Saturday at their residence for eight hours each, their discussions covered various issues such as tariff reductions and market access discussions between both sides as outlined by Bloomberg +7, WSJ +7 and Reuters sources. Since 2025, the United States has imposed tariffs of up to 145% on Chinese goods, prompting Beijing to respond with tariffs of 125% against American products and severely strain economic relations between both nations. President Donald Trump recently proposed the possibility of reducing U.S. tariffs to 80% as an indirect means to de-escalation; these statements reflected positively across media platforms (AP News/WSJ/Wikipedia etc). Investor’s Business Daily While no formal agreements were announced after the first day of talks, both sides have indicated their intent to continue discussions. Chinese state news agency Xinhua described these meetings as an important step… Discussions between China and the US will resume this Sunday, with both delegations hoping to build upon initial progress made at last month’s talks in Beijing. Many analysts remain cautiously optimistic that an agreement might emerge which ease tariffs and strengthen economic ties between these world powers… The Guardian WSJ/AP News. As discussions progress, markets and stakeholders around the world remain keenly interested, in hopes that sustained dialogue may provide an avenue to resolution of their current trade dispute.
