On Saturday and Sunday, the United States and China met in Geneva to try to ease the trade war between them. The American delegation was led by Treasury Secretary Scott Pessent and Trade Representative Jamison Greer, while the Chinese side was represented by Vice Premier He Lifeng. This is the first direct talks between the two sides since the tariffs were imposed.....
During the meetings, both sides reached what they described as significant progress. Secretary Pessent stated that the talks were constructive and that they reached agreements faster than expected. Greer added that the disagreements were not as deep as they had previously thought. President Trump commented on what took place, saying that what happened is a "complete reset" of trade relations, and confirmed that there are points that have been agreed upon, without disclosing details yet.
China has not issued an official statement yet, but it is clear that the meeting made some progress, and details are expected to be announced on Monday. Markets are watching closely, and hopes are pinned on this meeting being the start of easing tensions between the world's two largest economies.