| Published May 11, 2025
U.S. President Donald Trump announced “great progress” in trade negotiations with China, suggesting a “total reset” in the ongoing tariff discussions. The talks, held in Geneva at the historic Villa Saladin, marked the first in-person dialogue between the two nations since the imposition of steep tariffs—145% by the U.S. and 125% by China—that had significantly disrupted bilateral trade and global supply chains .
The opening day of negotiations were held in the sumptuous 18th-century “Villa Saladin” overlooking Lake Geneva. The former estate was bequeathed to the Swiss state in 1973, according to the Geneva government.
Trump’s assessment aside, while prospects for a major breakthrough appeared dim when the talks opened there is hope that the two countries will scale back the tariffs they have slapped on each other’s goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on US-China trade.
The negotiations involved high-level officials, including U.S. Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng. While no concrete outcomes were publicly disclosed, both sides characterized the discussions as constructive, with plans to continue talks through the weekend .
President Trump expressed optimism about the potential for China to open its markets further to American businesses. He also indicated a willingness to reduce U.S. tariffs on Chinese goods, suggesting a possible rate of 80%, though he emphasized that the final decision would rest with Treasury Secretary Bessent .
“A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner,” the president wrote on his Truth Social platform. “We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!”
Analysts and observers view these developments as a hopeful sign toward de-escalating the trade conflict, which has had far-reaching economic implications. The continuation of talks and the positive tone from both parties suggest a mutual interest in finding a resolution that could stabilize global markets and restore confidence among businesses affected by the tariffs .
Pros and Cons of U.S.-China Trade Talks (2025)
Pros:
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Potential Reduction in Tariffs: President Trump suggested reducing U.S. tariffs on Chinese goods from 145% to around 80%, which could lower costs for American consumers and businesses.
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Improved Market Access: Talks could lead to China opening its markets further to American businesses, enhancing trade opportunities.
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Stabilization of Global Markets: Positive progress may boost investor confidence and stabilize global supply chains disrupted by the trade war.
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Constructive Dialogue: Both sides described the talks as constructive, indicating a willingness to resolve disputes amicably.
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Reduced Trade Barriers: If successful, the talks could result in lower tariffs on both sides, benefiting industries reliant on imported goods.
Cons:
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Uncertain Outcome: Despite positive rhetoric, no concrete agreement has been reached, making the final outcome unpredictable.
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Economic Impact of Tariffs Remains: Even with a potential reduction, tariffs may still be high, continuing to strain businesses.
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Dependence on Negotiation Success: Future progress is contingent on continued positive negotiations, which could be disrupted.
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Limited Transparency: The absence of specific details about the agreements creates uncertainty for businesses.
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Geopolitical Tensions: Trade talks may not resolve broader U.S.-China tensions, which could impact other aspects of bilateral relations.
Conclusion
The U.S.-China trade talks in Geneva mark a significant opportunity for both nations to reset their strained economic relationship. While the optimistic tone and potential tariff reductions signal progress, the absence of a concrete agreement leaves room for uncertainty. The outcome of these discussions will determine whether global markets experience renewed stability or continue to grapple with trade disruptions. As the negotiations progress, businesses and consumers worldwide will be watching closely, hoping for a resolution that benefits both economies.
SOURCE: ZEROHEDGE – Trump Touts “Great Progress” In China Tariff Talks, Suggests “Total Reset” On The Table
THE GATEWAY PUNDIT – US Treasury Secretary Concludes Talks with China after 8 Hours of Meetings – Trade Talks Will Resume Sunday
FORTUNE – US-China tariff talks to continue Sunday as Trump touts ‘great progress made’ on first day
AP NEWS – As US and China begin trade talks in Geneva, Trump’s tariff hammer looks less mighty than he claims
ABS-CBN NEWS – Trump hails ‘total reset’ in US-China trade relations as talks continue
BREITBART – Trump Hails US-China Trade ‘Reset’ after First Day of Talks
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