Cryptopolitan 2025-05-11 10:40:09

US and China officials resume trade talks in Geneva after Saturday night break

US and Chinese officials picked up trade talks again on Sunday in Geneva, right after wrapping up an eight-hour session the night before. The sit-downs, which are being held in private at the Swiss ambassador’s villa near Lake Geneva, involve US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer, and China’s Vice Premier He Lifeng. According to Reuters, this is their first time meeting in person since both countries jacked up tariffs to more than 100%. Neither the United States nor China gave any details after Saturday’s round. No statement, no schedule, no clear win. The talks are happening behind a locked gate in the rich Cologny neighborhood. Not a word has been said publicly by the negotiators. Trump claims progress in Geneva talks but gives no details Even though the teams stayed quiet, President Donald Trump posted late Saturday on Truth Social that the conversation was “a total reset… in a friendly, but constructive, manner.” He also wrote, “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to.” Trump added, “We want to see, for the good of both China and the US, an opening up of China to American business. GREAT PROGRESS MADE!!!” That’s all he shared. No mention of whether tariffs will go down, or if any terms were written into a draft. Switzerland was picked after recent visits by Swiss politicians to both China and the United States, where they pitched Geneva as a neutral ground. Now it’s hosting two of the world’s largest economies as they try to pull back from a trade war that’s already gone too far. Meanwhile, Trump is flying into the Gulf on Tuesday, with stops in Saudi Arabia, Qatar, and the UAE. The trip comes right in the middle of serious political chaos. On the table: talks about a ceasefire in the Israel-Gaza conflict, oil deals, trade discussions, investment pitches, and possible new rules around exporting semiconductors and handling nuclear programs. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More