11.05.2025 09:02
U.S. President Donald Trump stated that "many agreements have been reached on various issues" during trade negotiations with China held in Switzerland, adding, "We want to see China open up to the American business community for the benefit of both China and the U.S. Significant progress has been made."
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US President Donald Trump made a statement regarding the mutual trade negotiations that started in Geneva, Switzerland, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.
AGREEMENTS REACHED ON MANY ISSUES
In a message shared on his Truth social media platform, Trump stated, "Today we had a very good meeting with China in Switzerland. Many things were discussed, and agreements were reached on many issues." He added, "A friendly yet constructive full new beginning was negotiated."
Indicating that they want to develop trade cooperation with China, Trump said, "For the good of both China and the US, we want to see China open up to the American business community. Significant progress has been made."
TRADE NEGOTIATIONS HAD STARTED
On April 2, US President Donald Trump announced new tariffs to be applied to trading partners, which he suspended for 90 days in response to reactions regarding the mutually determined tariffs for countries. Nevertheless, Trump had increased the tariff rate on China, which retaliated against US tariffs, to 145%. The Chinese government responded to the US move with a 125% tariff. The trade tension between the world's two largest economies had also caused concern in global markets. The US-China trade negotiations that began yesterday in Geneva, Switzerland, had raised hopes that the trade tension could come to an end.
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