Trump assessed negotiations with China: Agreement reached on many issues

US President Donald Trump said that "many agreements have been reached" in trade talks with China in Switzerland, adding, "We want to see China open up to American business for the good of both China and the United States. Great progress has been made."

US President Donald Trump made a statement regarding the bilateral trade negotiations that started in Geneva, Switzerland, under the leadership of US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.

Trump, who shared a message on his Truth social media platform, said, " We had a very good meeting with China in Switzerland today. Many things were discussed, many agreements were reached, " and used the expressions, " A complete new beginning was negotiated in a friendly but constructive manner ." Signaling that they wanted to develop trade cooperation with China, Trump said, "We want to see China open up to American business for the good of both China and the United States. Great progress has been made."

US President Donald Trump, who announced new customs duties to be applied to trade partners on April 2, suspended the bilateral customs tariffs determined specifically for countries for 90 days following reactions. Despite this, Trump increased the tariff rate against China, which retaliated against the US customs duties, to 145 percent. The Chinese administration responded to the US move with a 125 percent customs duty. The trade tension between the world's two largest economies has also caused concern in global markets. The US-China trade negotiations that started yesterday in Geneva, Switzerland, have increased hopes that the trade tensions may end.