After two days of trade negotiations in Switzerland, US officials claim significant productivity in discussions aimed to resolve the ongoing trade dispute with China. US Treasury Secretary Scott Bessent hinted at further details to be released shortly, reflecting optimism around the talks. While President Trump noted 'GREAT PROGRESS' on social media, China maintained a cautious stance, emphasizing the importance of core principles. The dialogue arises amid high tariffs that have disrupted global markets, with many goods stranded, indicating urgent need for resolution and stabilization.
Negotiations could help stabilize global markets shaken by the US-China standoff, which has left ships carrying Chinese goods stranded in ports.
Trump took to his social media account to say that 'GREAT PROGRESS' was being made toward what he suggested could be a 'total reset' on the tariffs.
US Treasury Secretary Scott Bessent said further information would follow on Monday regarding the details of the productive negotiations.
China stated that it would 'firmly reject any proposal that compromises core principles or undermines the broader cause of global equity.'
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