U.S. and China Resume High-Stakes Tariff Talks, Trump Hails 'Great Progress'

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng in Geneva amid escalating trade tensions. Trump announced on social media a 'total reset' of trade relations after the first day of talks, suggesting 'great progress' was made, although specifics were not disclosed. China's official media maintained a hardline stance, rejecting proposals that compromise its core principles. Tariffs imposed now reach as high as 145% on Chinese goods and 125% on U.S. exports, raising concerns over global economic stability. Negotiations could help ease tensions affecting worldwide markets.