Total Reset Negotiated: Donald Trump on US & China Trade Talks
The long-anticipated trade talks between the United States and China finally took place in Switzerland, and US President Donald Trump has given a positive outlook on the outcome. In a statement, Trump declared that the talks went well, describing the negotiations as a “total reset” that was conducted in a friendly and constructive manner.
The trade talks, which began on May 10, 2025, in Geneva, Switzerland, mark a significant step towards resolving the longstanding trade tensions between the world’s two largest economies. The negotiations aim to address the issues of intellectual property protection, technology transfer, and market access, among others.
Trump’s statement has sparked a wave of optimism, as investors and traders eagerly await the details of the agreements reached. The US President has emphasized the importance of the talks, stating that the goal is to see China open up to American business. “We want to see, for the good of both China and the US, an opening up of China to American business,” Trump said.
The trade talks have been ongoing for months, with both sides engaging in a series of high-level meetings and negotiations. The US has been pushing for China to make significant concessions, including increasing access to its markets and reducing trade barriers. China, on the other hand, has been seeking to reduce the tariffs imposed by the US on its goods.
The outcome of the talks is crucial, as it will have far-reaching implications for the global economy. The US-China trade war has had a significant impact on global trade, with many countries feeling the pinch. The resolution of the trade talks could lead to a significant boost in trade and economic growth, particularly for countries that have been affected by the tariffs.
The “total reset” negotiated by the US and China is expected to address some of the key issues that have been plaguing the trade relationship. This includes the forced transfer of technology, intellectual property theft, and the significant trade deficit between the two countries.
The US has been critical of China’s trade practices, accusing the country of engaging in unfair trade practices and stealing American intellectual property. China, on the other hand, has argued that the US is seeking to restrict its development and limit its access to global markets.
The trade talks have also been seen as an opportunity for the US and China to strengthen their economic ties and promote mutual cooperation. The two countries have significant trade and investment ties, with the US being China’s largest trading partner.
The outcome of the trade talks is expected to be announced in the coming days, with many expecting a comprehensive agreement that addresses some of the key issues. The agreement is expected to include provisions that promote fair and reciprocal trade, increase access to China’s markets, and address the forced transfer of technology.
In conclusion, the “total reset” negotiated between the US and China is a significant step towards resolving the trade tensions between the two countries. The outcome of the talks is expected to have far-reaching implications for the global economy, and will be closely watched by investors and traders around the world.
Source: https://www.reuters.com/world/china/china-us-trade-talks-begin-geneva-2025-05-10/
