Washington DC [US], May 13 (ANI): US President Donald Trump has described the outcome of the recent trade talks with China in Geneva as a “total reset” in bilateral relations, characterizing the discussions as friendly and marking a significant shift in the ongoing trade dispute.
Speaking at a press briefing at the White House on Monday, Trump stated, “The talks in Geneva were very friendly, the relationship is very good. We are not looking to hurt China. China has been hurt very badly. They were closing factories, they were having a lot of unrest. And they were very happy to be able to do something with us, and the relationship is very, very good.” Trump also hinted at a possible call with Chinese President Xi Jinping later in the week.
The United States and China agreed to withdraw their previously announced reciprocal tariffs for an initial period of 90 days. During this time, China will impose 10 percent tariffs on US goods, while the US will maintain a 30 percent tariff on Chinese goods. The agreement recognizes the critical importance of sustaining a long-term, mutually beneficial economic and trade relationship.
A joint statement released following the talks emphasized the commitment of both nations to establish a mechanism for continued discussions on economic and trade issues. The Chinese side will be represented by Vice Premier of the State Council He Lifeng, while the US side will be led by Secretary of the Treasury Scott Bessent and United States Trade Representative Jamieson Greer.
These bilateral meetings may be held alternately in China, the United States, or a third country, depending on mutual agreement. Additionally, the two sides may conduct working-level consultations as needed to address relevant economic and trade issues.
President Trump previously imposed tariffs on several countries with which the US had a trade deficit, including China. After many countries initiated negotiations with the US administration, Trump agreed to pause these tariffs for 90 days starting April 9, during which a 10 percent baseline tariff on all countries was introduced.
Trump reiterated his stance on tariff reciprocity since assuming office for his second term, emphasizing that the United States would match tariffs imposed by other countries to ensure fair trade practices. In the case of China, Trump had earlier indicated that tariffs could be raised to as much as 245 percent, while Chinese tariffs on US goods reached as high as 125 percent.
Trump’s remarks signal a potential easing of trade tensions between the world’s two largest economies, offering hope for improved bilateral economic relations.
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