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U.S. touts progress on China trade talks

  • U.S. and Chinese officials concluded two days of trade talks in Switzerland in early May 2025 amid high tariffs disrupting their economic relations.
  • The discussions took place after President Trump increased tariffs on Chinese goods to a total of 145%, prompting China to respond by imposing a 125% tariff on products imported from the United States.
  • Officials described the discussions as candid and productive, agreeing to establish a consultation mechanism for ongoing trade and economic dialogue.
  • U.S. Treasury Secretary Scott Bessent highlighted “substantial progress,” while President Trump called it “great progress” and a possible “total reset” on tariffs.
  • The agreement suggests a potential de-escalation that may ease trade tensions and help resolve the national emergency caused by tariff-related disruptions.
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Trump Speaks on China Trade Deal

·Washington, United States
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Business Times broke the news in Singapore, Singapore on Sunday, May 11, 2025.
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