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Trump says ‘total reset negotiated’ with China during intense 10-hour tariff talks in Geneva

May 10, 2025
in News, Politics
Trump says ‘total reset negotiated’ with China during intense 10-hour tariff talks in Geneva
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President Donald Trump announced on Truth Social Saturday night that “great progress” had been made during weekend trade negotiations with China.

During the meeting in Geneva, Switzerland, between U.S. officials, including Treasury Secretary Scott Bessent, and a Chinese delegation, “many things” were discussed and “much [was] agreed to,” Trump said.

No major breakthrough was announced in discussions that lasted over 10 hours, The Associated Press reported, and negotiations are scheduled to continue Sunday.

The administration announced a round of tariffs April 2 and later imposed a 145% tariff on Chinese goods.

After reducing reciprocal tariffs on other countries for 90 days to a baseline of 10%, China raised tariffs on U.S. goods to 125%.

On Thursday, Trump told reporters at the White House China “very much” wanted to make a deal, ending the intense tariff battle.

While the president did not provide many specifics Saturday night, he described the agreement as “a total reset negotiated in a friendly, but constructive, manner.”

President Donald Trump sits inside the Oval Office of the White House, in Washington, D.C., U.S., May 9, 2025.
President Donald Trump posted to Truth Social on Saturday night that “great progress” had been made in trade negotiations with China over the weekend. REUTERS

“We want to see, for the good of both China and the U.S., an opening up of China to American business,” Trump wrote in the post. “GREAT PROGRESS MADE!!!”

A longtime supporter of tariffs, Trump argued that “fair” duties could address the nation’s record $1.2 trillion trade deficit from 2024 and encourage the return of U.S. manufacturing jobs.

Bessent said in April the tariffs could cost China up to 10 million jobs, making Chinese tariffs unsustainable.

“Even if there is a drop in the tariffs, they could lose 5 million jobs,” Bessent told White House reporters.

Members of the Chinese delegation leave a residence where trade talks between Chinese and U.S. delegations take place in Geneva, Switzerland, May 10, 2025.
Trump also mentioned on Truth Social, “We want to see, for the good of both China and the U.S., an opening up of China to American business.” REUTERS
US Secretary of Treasury Scott Bessent leaves his hotel to a meeting with China's officials on tariffs in Geneva, on May 10, 2025.
The meeting between the two countries took place in Geneva, Switzerland, as Treasury Secretary Scott Bessent acknowledged that “many things” were discussed. AFP via Getty Images

“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.”

Fox News Digital’s Diana Stancy and The Associated Press contributed to this report.

The post Trump says ‘total reset negotiated’ with China during intense 10-hour tariff talks in Geneva appeared first on New York Post.

Tags: Associated PressChinaDonald TrumpgenevaJobsmanufacturingScott BessentSwitzerlandTariffstruth socialWhite House
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