President Donald Trump announced connected Truth Social Saturday nighttime that “great progress” had been made during play waste and acquisition negotiations pinch China.
During nan gathering successful Geneva, Switzerland, betwixt U.S. officials, including Treasury Secretary Scott Bessent, and a Chinese delegation, “many things” were discussed and “much [was] agreed to,” Trump said.
No awesome breakthrough was announced successful discussions that lasted complete 10 hours, The Associated Press reported, and negotiations are scheduled to proceed Sunday.
The management announced a information of tariffs April 2 and later imposed a 145% tariff connected Chinese goods.
After reducing reciprocal tariffs connected different countries for 90 days to a baseline of 10%, China raised tariffs on U.S. equipment to 125%.
On Thursday, Trump told reporters astatine the White House China “very much” wanted to make a deal, ending nan aggravated tariff battle.
While nan president did not supply galore specifics Saturday night, he described nan statement arsenic “a full reset negotiated successful a friendly, but constructive, manner.”
“We want to see, for nan bully of some China and the U.S., an opening up of China to American business,” Trump wrote successful nan post. “GREAT PROGRESS MADE!!!”
A longtime protagonist of tariffs, Trump based on that “fair” duties could reside nan nation’s grounds $1.2 trillion waste and acquisition shortage from 2024 and promote nan return of U.S. manufacturing jobs.
Bessent said successful April nan tariffs could costs China up to 10 cardinal jobs, making Chinese tariffs unsustainable.
“Even if location is simply a driblet successful nan tariffs, they could suffer 5 cardinal jobs,” Bessent told White House reporters.
“Remember that we are nan shortage country. They waste almost 5 times much equipment to america than we waste to them. So, nan onus will beryllium connected them to return disconnected these tariffs.”
Fox News Digital’s Diana Stancy and The Associated Press contributed to this report.