#StrategyTrade #USandChinaTrade Talks between top US and Chinese officials resumed for a second day on Sunday, after US President Donald Trump voiced optimism over the negotiations aimed at de-escalating trade tensions sparked by his aggressive tariff rollout.
In a Truth Social post following the first day of talks in Geneva on Saturday, Trump praised the “very good” discussions and deemed them “a total reset negotiated in a friendly, but constructive, manner”.
Earlier, the Chinese state news agency Xinhua also described the talks in Switzerland as “an important step in promoting the resolution of the issue”.
The second day of closed-door meetings between US Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng resumed shortly after 10am (1pm PKT) on Sunday.
As of Saturday, the talks were taking place at the residence of the Swiss ambassador to the United Nations in Geneva, a discrete villa with sky-blue shutters near a large park on the left bank of Lake Geneva.
“These talks reflect that the current state of the trade relations with these extremely high tariffs is ultimately in the interests of neither the United States nor China,” Citigroup global chief economist Nathan Sheets told AFP, calling the tariffs a “lose-lose proposition”.