US and Chinese officials resumed high-stakes trade talks in Geneva on Sunday, May 11, 2025, after an eight-hour session on Saturday. The meetings, held privately at the Swiss ambassador's villa near Lake Geneva, involve US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer, and China's Vice Premier He Lifeng. This marks the first in-person meeting between senior officials from both countries since tariffs exceeding 100% were imposed on each other's goods.

Key Points:

- Talks' Objective: De-escalating trade tensions sparked by Trump's aggressive tariff rollout.

- Current Tariffs: US tariffs on China stand at 145%, while China has retaliated with 125% tariffs on US goods.

- Trump's Stance: Claimed "great progress" and a "total reset" in trade relations, but provided no details on potential tariff reductions.

- China's Position: Expressed determination to safeguard its development interests and maintain the global economic and trade order.

- Next Steps: Uncertain, with low expectations for a breakthrough, but both sides see the talks as a positive step towards resolving disagreements .

Meanwhile, President Trump is set to visit the Gulf, with stops in Saudi Arabia, Qatar, and the UAE, to discuss various topics, including:

- Ceasefire in Israel-Gaza conflict

- Oil deals

- Trade discussions

- Investment pitches

- Exporting semiconductors and nuclear programs.