Trump says 'total reset negotiated' with China during Bessent's tariff talks in Geneva
Share and Follow

President Donald Trump announced on Truth Social Saturday night that “great progress” had been made during weekend trade negotiations with China.

When U.S. officials, led by Treasury Secretary Scott Bessent, met with a Chinese delegation in Geneva, Switzerland, a wide range of topics were discussed and agreements were reached, according to Trump.

No major breakthrough was announced in discussions that lasted over 10 hours, The Associated Press reported, and negotiations are scheduled to continue Sunday.

The administration announced a round of tariffs April 2 and later imposed a 145% tariff on Chinese goods.

After reducing reciprocal tariffs on other countries for 90 days to a baseline of 10%, China raised tariffs on U.S. goods to 125%.

On Thursday, Trump told reporters at the White House China “very much” wanted to make a deal, ending the intense tariff battle.

While the president did not provide many specifics Saturday night, he described the agreement as “a total reset negotiated in a friendly, but constructive, manner.”

“We want to see, for the good of both China and the U.S., an opening up of China to American business,” Trump wrote in the post. “GREAT PROGRESS MADE!!!”

A longtime supporter of tariffs, Trump argued that “fair” duties could address the nation’s record $1.2 trillion trade deficit from 2024 and encourage the return of U.S. manufacturing jobs.

Bessent said in April the tariffs could cost China up to 10 million jobs, making Chinese tariffs unsustainable.

“Even if there is a drop in the tariffs, they could lose 5 million jobs,” Bessent told White House reporters.

“Remember that we are the deficit country. They sell almost five times more goods to us than we sell to them. So, the onus will be on them to take off these tariffs.”

Fox News Digital’s Diana Stancy and The Associated Press contributed to this report.

Share and Follow
You May Also Like
'Squad' Rep. Ilhan Omar under INVESTIGATION for skyrocketing wealth

Ilhan Omar Faces Investigation Amid Allegations of Surging Wealth: What You Need to Know

A Republican-led investigation in the House has been initiated concerning Minnesota Representative…
Lindsey Graham speaks against pending execution of 26-year-old Iranian protester: 'This regime must fall'

Senator Lindsey Graham Condemns Iran’s Execution Plan for Young Protester, Calls for Regime Change

Senator Lindsey Graham of South Carolina has issued a strong call for…
Steelers open to keeping Aaron Rodgers with Mike McCarthy interview on tap

Steelers Consider Retaining Aaron Rodgers as Mike McCarthy Interview Approaches

There’s still a glimmer of hope for the Pittsburgh Steelers to retain…
Iran’s supreme leader acknowledges thousands killed as Trump calls for new leadership: reports

Iran’s Supreme Leader Admits to Mass Casualties Amid Trump’s Urge for Regime Change: Breaking News

For the first time, Iran’s supreme leader has admitted that the recent…
Argentina's bungled hunt for Hitler's right-hand man Martin Bormann revealed in declassified files

Unveiling Argentina’s Secret: The Failed Pursuit of Hitler’s Aide Martin Bormann – Declassified Files Expose the Truth

In an exclusive first reported by Fox News, a series of documents…
Democratic Socialists of America in NYC training thousands of activists to counter ICE: report

NYC Activists Mobilize Against ICE with Training from Democratic Socialists of America: Report

The New York City branch of the Democratic Socialists of America (DSA)…
Sheriff: 14-year-old mad at older brother makes false shooting threat to Clay High School

Clay High School Incident: No Confirmed Threats After Student’s Online Post with Gun, Authorities Report

In response to recent events, the Clay County Sheriff’s Office has announced…
Minnesota National Guard placed on standby to support law enforcement as protests turn violent

Minnesota National Guard on Alert to Assist Law Enforcement Amid Escalating Protests

On Saturday, the Minnesota National Guard shared a photo on social media…