Total Reset Negotiated: Donald Trump on US & China Trade Talks
In a major development, the highly anticipated trade talks between the United States and China have finally concluded in Geneva, Switzerland. According to reports, US President Donald Trump has expressed satisfaction with the outcome, stating that a “total reset” has been negotiated in a “friendly, but constructive manner”. This significant breakthrough comes after months of intense negotiations between the two economic superpowers.
The talks, which began on May 10, 2025, aimed to resolve the lingering trade disputes between the US and China. The US has been pressing China to address its unfair trade practices, including intellectual property theft, forced technology transfers, and subsidies to state-owned enterprises. In return, China has been seeking concessions on tariffs and restrictions on its technology exports.
Speaking to the press after the talks, President Trump emphasized the importance of a fair and balanced trade relationship between the two countries. He stated, “We want to see, for the good of both China and the US, an opening up of China to American business.” This sentiment reflects the US administration’s long-standing goal of increasing American access to the Chinese market.
The President also hailed the progress made during the talks, saying, “Great progress made”. This optimistic assessment has sparked hopes that a comprehensive trade deal could be reached in the near future. The US has been seeking a deal that addresses its core concerns, including the forced transfer of technology and intellectual property theft. China, on the other hand, has been pushing for concessions on tariffs and restrictions on its technology exports.
The trade talks come at a critical juncture in the US-China relationship. The two countries have been locked in a trade war since 2018, with tariffs imposed on billions of dollars’ worth of goods. The conflict has taken a significant toll on the global economy, with both sides feeling the pinch.
In recent months, the US-China trade relationship has faced several challenges. The US has been critical of China’s handling of the COVID-19 pandemic, and tensions have escalated over issues such as Taiwan, Hong Kong, and the South China Sea. The trade talks have, therefore, been seen as an opportunity to defuse these tensions and re-establish a more constructive dialogue.
The Geneva talks were the latest in a series of high-level meetings between the two countries. In 2024, US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He held talks in Beijing, where they made significant progress on several issues. Since then, the two sides have continued to engage in bilateral consultations, with the goal of reaching a comprehensive trade agreement.
The success of the Geneva talks is critical for the global economy. A trade deal between the US and China would not only benefit both countries but also the wider international community. It would help to stabilize trade relations, promote economic growth, and reduce uncertainty for businesses and investors.
In conclusion, the “total reset” negotiated between the US and China in Geneva is a significant step forward in the trade talks. The optimistic tone adopted by President Trump suggests that a comprehensive trade deal is within reach. With both sides showing a willingness to engage in constructive dialogue, there is reason to believe that a breakthrough is imminent. As the world waits with bated breath for the outcome, one thing is clear: a successful trade deal would be a game-changer for the global economy.
Source:
https://www.reuters.com/world/china/china-us-trade-talks-begin-geneva-2025-05-10/
