Donald Trump Touts ‘Total Reset’ as China Trade Talks Resume in Geneva [WATCH]

President Donald Trump announced on Saturday that significant headway had been made in ongoing trade negotiations with China.

The talks took place in Geneva, Switzerland, where senior U.S. officials met with a delegation from the Chinese government to address the escalating trade dispute.

In a post on Truth Social, President Trump stated, “GREAT PROGRESS MADE!!!” and characterized the discussions as a “total reset negotiated in a friendly, but constructive, manner.”

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Trump added, “We want to see, for the good of both China and the U.S., an opening up of China to American business.”

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. We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS…

— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) May 10, 2025

The meeting, which included U.S. Treasury Secretary Scott Bessent, reportedly lasted more than ten hours.

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While no major breakthrough was announced following the lengthy discussions, the Associated Press reported that the negotiations are scheduled to resume Sunday.

Trump has consistently supported the use of tariffs to address trade imbalances and bolster American manufacturing.

On April 2, the administration announced a sweeping set of tariffs on Chinese imports, later escalating to a 145% tariff on certain goods.

In response, China reduced reciprocal tariffs on other countries to a baseline of 10% for 90 days, but increased its tariffs on American goods to 125%.

During a press briefing at the White House on Thursday, President Trump said China “very much” wanted to strike a deal to end the mounting tariff conflict.

Though few details were disclosed in Saturday’s statement, Trump suggested the negotiations had yielded mutual understandings on several issues.

“Many things were discussed and much [was] agreed to,” Trump wrote, without elaborating on the specifics of any arrangements.

Treasury Secretary Bessent, who played a central role in the Geneva talks, reiterated the administration’s stance that tariffs are a strategic tool to re-balance trade with China.

In remarks made last month, Bessent warned that the tariffs could significantly impact China’s labor market.

“The tariffs could cost China up to 10 million jobs,” Bessent said during an April press briefing.

“Even if there is a drop in the tariffs, they could lose 5 million jobs. Remember that we are the deficit country. They sell almost five times more goods to us than we sell to them. So, the onus will be on them to take off these tariffs.”

.@SecScottBessent: “Over time, we will see that the Chinese tariffs are unsustainable for China. I’ve seen some very large numbers in the past few days showing that if these numbers stay on, the Chinese could lose 10 million jobs very quickly… We are the deficit country. They… pic.twitter.com/3xL0nXOgAM

— Rapid Response 47 (@RapidResponse47) April 29, 2025

According to the administration, the U.S. posted a $1.2 trillion trade deficit in 2024, a record high.

Trump has cited this figure as justification for his tariff strategy, contending that fair duties could help reduce the deficit and incentivize domestic manufacturing.

The outcome of the ongoing talks remains uncertain, but U.S. officials have indicated that negotiations will continue in an effort to reach a more permanent trade framework between the two countries.

Further updates are expected following Sunday’s session.

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