Washington D.C. - High-level trade discussions between the United States and China concluded on Saturday, with both nations exploring a potential "total reset" in their approach to tariffs. According to sources familiar with the negotiations, Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng engaged in prolonged talks aimed at addressing existing trade imbalances and establishing a more equitable framework for future economic relations.
Former President Trump, commenting on the ongoing discussions, stated that the talks represented a significant opportunity for a "total reset" in the U.S.-China trade relationship. This statement suggests a willingness to reconsider existing tariff structures and potentially implement new strategies to foster mutually beneficial trade practices.
The negotiations, which lasted throughout the day, are scheduled to resume on Sunday. Both sides are reportedly committed to finding common ground and achieving a comprehensive agreement that promotes fair trade and economic stability. The results of these discussions could have far-reaching implications for global markets and international trade relations.
US and China Discuss Trade Reset in Tariff Talks
U.S. and Chinese officials held lengthy trade talks, exploring a potential "total reset" of tariffs. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met for a day of negotiations, focusing on key trade imbalances. Discussions are set to continue on Sunday as both sides aim to find common ground. The outcome of these talks could significantly impact the global economy.
Source: Read the original article at CBS