Total Reset Negotiated: Donald Trump on US & China Trade Talks
The trade talks between the United States and China have been a topic of significant interest for quite some time now. The two nations have been engaged in a trade war that has impacted both economies in various ways. Recently, the talks between the two nations concluded in Geneva, Switzerland, with US President Donald Trump stating that the talks went well and a “total reset” was negotiated. In this blog post, we will delve into the details of the talks and what they mean for the future of trade between the two nations.
The trade talks began on May 10, 2025, in Geneva, Switzerland, with a delegation from the United States led by US Trade Representative (USTR) Katherine Tai and a delegation from China led by Vice Premier Liu He. The talks were held in a cordial atmosphere, with both sides expressing their willingness to find a solution to the trade impasse that has been plaguing their relationship for years.
According to reports, the talks focused on several key areas, including market access, intellectual property, and technology transfer. The US delegation pushed for greater access to the Chinese market for American businesses, particularly in the areas of agriculture and manufacturing. The Chinese delegation, on the other hand, emphasized the need for the US to relax its restrictions on Chinese technology companies.
In a statement following the conclusion of the talks, President Trump expressed satisfaction with the outcome, stating that a “total reset” had been negotiated. He added that the talks had been conducted in a “friendly, but constructive manner.” Trump also emphasized that the goal of the negotiations was to promote greater cooperation and understanding between the two nations, rather than to try to impose one’s will on the other.
The US President also highlighted the importance of promoting American businesses in China, stating that the country’s vast market presented a significant opportunity for American companies. “We want to see, for the good of both China and the US, an opening up of China to American business,” Trump said. “Great progress made,” he added.
The outcome of the talks is significant because it marks a shift in the tone and approach of the two nations. For years, the US has been critical of China’s trade practices, accusing the country of unfair trade practices and intellectual property theft. China, on the other hand, has defended its actions, arguing that the US is trying to restrict its development and limit its access to the global market.
However, in recent months, there have been signs of a thaw in the relationship. In December 2024, the US and China agreed to a “phase one” trade deal, which aimed to reduce tariffs and increase trade between the two nations. The deal was seen as a significant breakthrough, as it marked the first major trade agreement between the two nations in years.
The latest talks in Geneva build on the momentum generated by the “phase one” deal. By negotiating a “total reset” in their trade relationship, the US and China have shown that they are willing to work together to find solutions that benefit both nations.
The implications of the talks are far-reaching and significant. For American businesses, the outcome of the talks presents an opportunity to gain greater access to the vast Chinese market. For Chinese businesses, the outcome presents an opportunity to gain greater recognition and respect for their contributions to the global economy.
For the global economy as a whole, the outcome of the talks is significant because it marks a shift towards greater cooperation and collaboration between the world’s two largest economies. In an increasingly interconnected world, the US and China play a critical role in shaping global trade and economic policies. Their ability to work together to find solutions to their differences is essential for promoting economic growth and stability.
In conclusion, the trade talks between the US and China have concluded with a “total reset” negotiated in a friendly and constructive manner. The outcome of the talks is significant because it marks a shift in the tone and approach of the two nations. By promoting greater cooperation and understanding, the US and China have shown that they are willing to work together to find solutions that benefit both nations. As we move forward, it will be important to continue to monitor the progress of the talks and to work towards promoting greater cooperation and collaboration between the two nations.
Source:
https://www.reuters.com/world/china/china-us-trade-talks-begin-geneva-2025-05-10/
