“Great progress” was made in trade negotiations with China, President Donald Trump said on Saturday evening, as he touted a “total reset” in the making.
Trump made the announcement as Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer met with Chinese officials in Switzerland over the weekend.
“A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner,” Trump said on Truth Social. “We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!”
While many countries received a 90-day reprieve for “Liberation Day” tariffs above the baseline rate of 10% last month, the United States increased the overall penalty on Chinese goods to 145%. Beijing responded by raising tariffs on U.S….
