"Trump: 'Significant Progress in China-U.S. Geneva Talks with Many First-Day Agreements'"

U.S.-China Trade Negotiations Progress in Geneva; Trump Highlights "Complete Reset" Discussions ## Advancements and Optimism in Trade Dispute Resolutions (Washington, Seoul - Yonhap) Former U.S. President Donald Trump expressed hopeful sentiments on social media concerning the ongoing U.S.-China trade discussions happening on October 10 in Geneva, Switzerland. Labeling the initial day of talks as exceptionally productive, Trump indicated notable progress and described a "complete reset" in the trade relations between the two nations. In a post on Truth Social, Trump remarked, "Today's meeting with China in Switzerland was very promising. We covered numerous issues and reached considerable agreements." He highlighted that the discussions occurred in a "friendly yet constructive" environment aimed at fundamentally transforming the U.S.-China trade relationship. Trump emphasized the importance of achieving mutual benefits, stating, "We seek China's market opening for the benefit of U.S. industries and our shared economic interests." He mentioned "substantial progress" without divulging specific details. ## Indications of Tariff Breakthroughs Although Trump did not share concrete outcomes, his optimistic tone suggests that the negotiating teams may have found common ground on reducing punitive tariffs. The U.S. and China have been in a severe trade war, imposing over 100% in tit-for-tat tariffs, significantly affecting their economic relationship. On the first day, U.S. Treasury Secretary Scott Nathan and Chinese Vice Premier He Lifeng led their respective delegations. Talks extended from 10 a.m. to 8 p.m., reflecting the gravity and complexity of the issues at hand. Both sides are set to resume discussions on October 11. ## Background: Intensification of the Trade War Since the start of Trump's presidency, the U.S. has increased tariffs on Chinese imports by an average of 145%. China retaliated with a 125% tariff on U.S. goods, escalating the tensions into a high-stakes "tariff war." The potential for these negotiations to lower barriers and encourage mutual trade is being closely watched by global markets and policymakers. As discussions continue, there is high anticipation for progress in reducing tariffs and bridging gaps between the world’s two largest economies. Whether these initial signs of cooperation will culminate in a comprehensive trade deal remains to be seen. jhcho@yna.co.kr