US-China Trade Talks: Bessent Optimistic About Future Agreements

Monday, 12 May 2025, 14:18

US-China trade talks are underway as Treasury Secretary Scott Bessent expresses hope for a comprehensive agreement. Following discussions in Geneva, Bessent anticipates more meetings in the coming weeks to address outstanding trade issues. A 90-day pause in tariffs aims to facilitate progress.

Thehill — US-China Trade Talks: Bessent Optimistic About Future Agreements

US-China Trade Negotiations Set to Continue

Treasury Secretary Scott Bessent is optimistic about the ongoing US-China trade discussions after a productive meeting in Geneva. He indicated on CNBC that the U.S. and China plan to meet again soon for further negotiations on a more comprehensive trade agreement.

Progress and Challenges Ahead

Bessent noted the respectful nature of the talks and emphasized the identification of shared interests between the two nations. However, he acknowledged unresolved issues that American businesses face in China. The established meeting mechanism aims to tackle these non-tariff barriers during the 90-day pause on tariffs.

Future Meetings and Joint Statements

A joint statement highlighted the roles of Bessent and U.S. Trade Representative Jamieson Greer in the upcoming negotiations, with Vice Premier He Lifeng representing China. The discussions could occur in either country or a neutral third nation, as agreed by both parties.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.