#TrumpTariffs Tariff War Easing? Trump and Xi Jinping Agree to 'Total Reset'

US President Donald Trump praised trade talks with China as a 'total reset' negotiated in a friendly and constructive manner. He stated that significant progress has been made and urged China to open access for American businesses.

The second day of closed-door meetings between US and Chinese delegations continued this week in Switzerland, focusing on easing tensions from the tariff war. Although there are no signals of tariff reductions yet, this meeting is seen as an important step by global market participants.