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Trump claims a 'total reset' has been reached with China
Gulf Today
|May 12, 2025
President Donald Trump claims that there has been “a total reset” with China after his aggressive tariffs fueled a trade war with the world’s second-biggest economy.
The two countries are holding high-stakes talks this weekend after being at loggerheads for weeks over the tariffs. “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner,” Trump posted on Truth Social Saturday evening. “We want to see, for the good of both China and the US, an opening up of China to American business. GREAT PROGRESS MADE!!!”
While no handout of the negotiations has yet been provided by either country, China’s state-run news agency Xinhua described Saturday’s meetings as “an important step toward resolving the dispute.” Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer were deployed to meet with their Chinese counterparts in Geneva in an attempt to thrash out a deal. Saturday's meeting lasted at least eight hours, according to the Wall Street Journal, but a deal was not announced. Talks will resume Sunday.
This story is from the May 12, 2025 edition of Gulf Today.
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