‘A Total Reset’: President Trump Shares Major Update On US-China Trade Negotiations

While President Donald Trump’s naysayers across the U.S. and around the world have described his tariffs on China as a detriment to the economy and global commerce, he has remained steadfast in his pursuit of fairer trade policies.

Over the weekend, officials from both nations met for a discussion of the ongoing impasse, and Trump offered a positive assessment of the talks.

According to the New York Post:

President Donald Trump announced on Truth Social Saturday night that “great progress” had been made during weekend trade negotiations with China.

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During the meeting in Geneva, Switzerland, between U.S. officials, including Treasury Secretary Scott Bessent, and a Chinese delegation, “many things” were discussed and “much [was] agreed to,” Trump said.

No major breakthrough was announced in discussions that lasted over 10 hours, The Associated Press reported, and negotiations are scheduled to continue Sunday.

The administration announced a round of tariffs April 2 and later imposed a 145% tariff on Chinese goods.

After reducing reciprocal tariffs on other countries for 90 days to a baseline of 10%, China raised tariffs on U.S. goods to 125%.

On Thursday, Trump told reporters at the White House China “very much” wanted to make a deal, ending the intense tariff battle.

While the president did not provide many specifics Saturday night, he described the agreement as “a total reset negotiated in a friendly, but constructive, manner.”

The development attracted significant social media attention:

🚨 JUST IN: Scott Bessent has successfully negotiated a TRADE RESET with China during the hours-long meeting today with officials.

TRUMP: "MUCH AGREED TO…" in a FRIENDLY manner…

Talks are supposed to continue TOMORROW.

I knew Scott Bessent would perform. pic.twitter.com/NEnLRySkMo

— Eric Daugherty (@EricLDaugh) May 10, 2025

I have been telling anyone who'll listen that Donald Trump and Xi Jinping are not decoupling the US and China from each other.

They're decoupling the US and China from the Globalist System.

This will benefit both nations.

The Trade War allows both to save face in the interim. pic.twitter.com/RWqF9C0mcA

— BurningBright (@reBurningBright) May 11, 2025

🚨President Trump on trade negotiations with China:

"I mean, look, we were losing a trillion dollars a year, now we’re not losing anything, you know?…That’s not bad." pic.twitter.com/kgvlZQaIbe

— Derrick Evans (@DerrickEvans4WV) May 10, 2025

Trump’s update came just hours after Commerce Secretary Howard Lutnick’s positive assessment, per The Hill:

“So I think the president would like to work it out with China, as he said, he’d like to deescalate it. But look, he’s not going to live with a trillion-dollar deficit,” Lutnick said Friday during his appearance on Fox News’ “The Ingraham Angle.”