Positive Developments in US-China Trade Negotiations

May 11, 2025 - 22:13

GENEVA - U.S. Treasury Secretary Scott Bessent announced on Sunday that significant advancements have been made in the ongoing trade discussions between the United States and China. These negotiations, which took place in Geneva, involved Bessent's team and Chinese Vice Premier He Lifeng, aimed at alleviating tensions in the trade relationship between the two largest economies in the world.

During a press briefing, Bessent expressed optimism about the progress achieved, stating that the differences between the two nations are not as pronounced as previously believed. He indicated that further details regarding the discussions would be shared on Monday, highlighting the importance of these talks in shaping future economic relations.

U.S. Trade Representative Jamieson Greer, who was also present at the discussions, echoed Bessent's sentiments, suggesting that the path forward may be clearer than anticipated. Both officials emphasized the need for continued dialogue to ensure a lasting resolution to the trade issues at hand.