The United States, China began the second day of tariff talks; no breakthrough, but the ace trumpets “huge progress”

The U.S. and China resumed key tariff negotiations on Sunday, putting the global economy on the fringe, but seem to have a different position on the negotiations at the moment. U.S. President Donald Trump wrote on social media that “huge progress” is being made and even suggested “reset all” because both sides made the second and last scheduled date in Geneva and their seats are OK.
Beijing has not commented directly, but its official news agency has taken a tough stance, saying China will “resolutely reject any proposals that undermine the core principles or undermine the broader global equity.”
Still, Trump wrote on social media on Sunday that “great progress” is still being made.

He did not provide more details, and White House officials also provided little information on the opening day and after the discussion.

Due to the sensitivity of the matter, two officials spoke to the Associated Press on anonymity, confirming that negotiations resumed Sunday morning. Discussions may help stabilize the U.S.-China stands up to an exciting world market, which is sent in ports, and Chinese goods are reluctant to unload until they get the final news of tariffs. Discussions were already secretly shrouded, and neither side commented on reporters when they left Saturday. “Negotiations should never be an excuse for ongoing coercion or extortion, and China will firmly reject any proposals that undermine the core principles or undermine the wider cause of global equity,” Xinhua News Agency said in an editorial.

Several black vehicles have been seen from the residence of the Swiss ambassador to the United Nations delegation in Geneva, who chaired talks aimed at eliminating trade tensions between the world’s two largest economies.

Trump raised U.S. tariffs on China in total 145% last month, and China retaliated by attacking U.S. import taxes with a 125% tax. The high tariffs are basically equivalent to the two countries’ boycott of each other’s products, destroying more than $660 billion in trade last year.

Even before the negotiations began, Trump on Friday suggested that the U.S. could lower tariffs on China and said in a truth-facting society post: “80% tariffs seem to be right! To Scott!” – referring to leading negotiator and Treasury Secretary Scott Bessent.

The negotiations marked the first time the two sides discussed these issues face to face. Although the prospect of a breakthrough is small, even a small drop in tariffs, especially taking it at the same time, can also help restore some confidence.

“There is a desperate need to negotiate to start the degradation of the growing U.S.-China trade war, which is a positive signal that both sides can gracefully surpass the quarrel they had to call first,” said Jake Werner, director of East East STACTITUTE at Quincy responsible Cattecraft, in an email.

The tariff struggle with China is the most intense. Trump’s tariffs on China include 20% charges aimed at forcing Beijing to do more to prevent the entry of synthetic opioid fentanyl into the United States.

The remaining 125% of the disputes involved can be traced back to Trump’s first term and imposed tariffs on China at the time, meaning that the total tariffs on certain Chinese goods could be more than 145%.

Last year, China’s trade deficit reached a record $263 billion, which was also the main target of Trump’s complaints.