Total Reset Negotiated: Donald Trump on US & China Trade Talks
In a significant development, the highly anticipated trade talks between the United States and China have concluded, with US President Donald Trump hailing the outcome as a “total reset” achieved in a “friendly, but constructive manner.” The talks, which took place in Geneva, Switzerland, aimed to resolve the long-standing trade tensions between the world’s two largest economies.
According to Trump, the negotiations yielded “great progress,” with both sides working towards a mutually beneficial agreement. In a statement, the President emphasized the need for China to open up its markets to American businesses, stating, “We want to see, for the good of both China and the US, an opening up of China to American business.”
The trade talks, which began on May 10, were a crucial step towards resolving the ongoing trade war between the US and China. The conflict, which has been ongoing for over two years, has seen tariffs imposed on billions of dollars’ worth of goods, with far-reaching implications for businesses and consumers on both sides.
The US has been pushing China to address its trade practices, including forced technology transfer, intellectual property theft, and subsidies to state-owned enterprises. China, on the other hand, has been seeking to maintain its economic model, which has driven its rapid growth over the past few decades.
The trade talks were seen as a key opportunity for both sides to find common ground and address these concerns. The fact that Trump has described the negotiations as a “total reset” suggests that significant progress was made, and that both sides are committed to finding a solution.
The “total reset” phrase is particularly significant, as it implies a fundamental shift in the relationship between the US and China. It suggests that the two nations are willing to put their differences aside and work together to find a more collaborative and mutually beneficial approach to trade.
In recent years, the trade relationship between the US and China has been marked by tension and conflict. The US has imposed tariffs on over $360 billion worth of Chinese goods, while China has retaliated with tariffs on over $110 billion worth of US goods. The trade war has had far-reaching implications for businesses and consumers on both sides, leading to job losses, reduced economic growth, and higher prices.
However, the “total reset” negotiated by Trump suggests that both sides are willing to put their differences aside and work towards a more collaborative approach. This could involve the US and China working together to address issues such as forced technology transfer, intellectual property theft, and subsidies to state-owned enterprises.
The “great progress” made during the talks is likely to be welcomed by businesses and consumers on both sides. The tariffs imposed during the trade war have had a significant impact on global trade, leading to reduced economic growth and higher prices. By finding a resolution, the US and China can help to stimulate economic growth and create jobs.
The fact that the talks were conducted in a “friendly, but constructive manner” suggests that both sides have a willingness to work together and find a solution. This is a positive development, as it implies that the two nations are committed to finding a mutually beneficial agreement.
In conclusion, the “total reset” negotiated by Donald Trump on US and China trade talks is a significant development in the ongoing trade war between the two nations. The fact that the talks yielded “great progress” and a willingness to work together suggests that both sides are committed to finding a mutually beneficial agreement.
As the US and China move forward, it is important that they continue to work together to address issues such as forced technology transfer, intellectual property theft, and subsidies to state-owned enterprises. By doing so, they can help to stimulate economic growth, create jobs, and promote a more collaborative approach to trade.
Source:
https://www.reuters.com/world/china/china-us-trade-talks-begin-geneva-2025-05-10/
