Trump Commends 'Positive' US-China Trade Negotiations Amid Ongoing Tensions

The first day of negotiations in Switzerland has sparked hope for a more favorable trade relationship, despite ongoing tariff disputes.

Former President Donald Trump has expressed optimism regarding US-China trade relations following the initial talks held in Switzerland this weekend. In a social media update, Trump characterized the discussions as "very good," noting that a significant "total reset" has occurred in the negotiations.

Amid a protracted trade war that saw the US imposing tariffs of up to 145% on Chinese imports, the high-stakes talks mark the first meeting of American and Chinese officials since tariffs were escalated earlier in the year. In response to the US tariffs, China retaliated with its own levies, reaching 125% on select American goods.

Sources close to the negotiations shared few details, but Trump emphasized the friendly and constructive nature of the dialogue with a focus on opening up the Chinese market to American businesses. “GREAT PROGRESS MADE!!!” he asserted in his post, calling for mutual benefits for both nations.

Despite Trump's optimism, White House Press Secretary Karoline Leavitt clarified that the US would not reduce tariffs without mutual concessions from China. Beijing has signaled that easing tariffs would be necessary for further negotiations, even as US Treasury Secretary Scott Bessent highlighted the goal of de-escalation rather than a comprehensive trade deal.

Chinese media reported that this engagement followed a thorough evaluation of international expectations and domestic interests, alongside appeals from American companies affected by tariffs. Notably, a recent BBC report indicated that many Chinese exporters are struggling due to the tariffs, with some stockpiling goods.

In a move that intensified the trade conflict last month, Trump announced broad tariffs on all imports to the US, which he deemed "payback" for years of perceived unfair trade practices. The actions saw about 60 global trading partners, including China and the EU, facing increased rates. Additionally, Trump issued a 25% tariff on steel and aluminum and separately on car imports.

Amid these rising tensions, a new trade pact between the US and the UK has been established, reducing tariffs on UK car exports to the US, which is significant given that cars are the UK's largest export to the American market.