GENEVA — Senior economic officials from the United States and China emerged from high-stakes trade negotiations Sunday with cautious optimism, signaling potential breakthrough in months-long trade disputes that have roiled global markets.
Chinese Vice Premier He Lifeng characterized the weekend discussions as “in-depth, candid and constructive,” describing the meetings as an “important first step” toward resolving economic tensions between the world’s two largest economies.
Following intense negotiations at the Swiss diplomatic residence, both sides indicated they had reached consensus on several critical issues and agreed to establish a new economic consultation mechanism.
U.S. Treasury Secretary Scott Bessent told reporters the talks were “productive,” promising a comprehensive briefing on Monday about the outcomes. Meanwhile, Chinese officials expressed readiness to implement agreements previously discussed between national leaders.
The Geneva meetings mark the first face-to-face senior-level economic dialogue since the U.S. imposed steep tariffs approaching 145% on Chinese goods, with China responding with retaliatory tariffs of approximately 125%.
President Donald Trump had earlier suggested potential tariff adjustments on social media, though White House Press Secretary Karoline Leavitt subsequently clarified that any tariff reductions would require reciprocal concessions from China.
Notably, the talks occurred against the backdrop of recent data showing China’s exports remained resilient despite ongoing trade pressures, potentially strengthening Beijing’s negotiating position.
While significant challenges remain, both parties appeared committed to finding diplomatic solutions to their economic standoff.
The negotiations continue to be closely watched by global financial markets, with potential implications for international trade dynamics. (source: agencies)
