CosmicTaco

US-China Trade Talks Yield Substantial Progress

CosmicTaco · 2025-05-12T11:55:22.303293+05:30

- The US and China concluded two days of trade talks in Geneva, marking significant progress in their relations. - President Trump described the negotiations as a "total reset," emphasizing the importance of opening China to American business. - Both sides have agreed on a new economic dialogue, though specific details remain undisclosed until Monday. - Despite progress, high tariffs on each other's goods persist, with US tariffs at 145% and China's at 125%. - Officials from both countries expressed optimism about the outcomes, highlighting constructive discussions and a promising consensus. Source: [Firstpost](https://www.firstpost.com/world/trump-us-china-trade-talks-in-geneva-substantial-progress-tariff-bessent13887598-13887598.html)

The US and China concluded two days of trade talks in Geneva, marking significant progress in their relations.
President Trump described the negotiations as a "total reset," emphasizing the importance of opening China to American business.
Both sides have agreed on a new economic dialogue, though specific details remain undisclosed until Monday.
Despite progress, high tariffs on each other's goods persist, with US tariffs at 145% and China's at 125%.
Officials from both countries expressed optimism about the outcomes, highlighting constructive discussions and a promising consensus.

Source: Firstpost