US' Bessent hails 'substantial progress' in trade talks with China

Reuters

Sun, May 11, 2025, 9:06 AM 1 min read

GENEVA (Reuters) -U.S. Treasury Secretary Scott Bessent said connected Sunday that determination had been "substantial progress" successful talks betwixt his squad and that of Chinese Vice Premier He Lifeng successful Geneva connected defusing a commercialized warfare betwixt the world's 2 largest economies.

Bessent said helium would springiness much details connected Monday, portion U.S. Trade Representative Jamieson Greer, besides astatine the talks, said the differences betwixt the 2 sides were not arsenic large arsenic antecedently thought.

"I'm blessed to study that we've made important advancement betwixt the United States and China successful the precise important commercialized talks," Bessent told reporters.

Bessent said helium had informed President Donald Trump of the advancement of the talks, and determination would beryllium a implicit briefing connected details connected Monday.

The talks had continued into a 2nd time connected Sunday arsenic some sides discussed however to de-escalate a commercialized warfare that threatens to inflict large harm connected the satellite economy.

(Reporting by Emma Farge and John Revill; Editing by Hugh Lawson and Ros Russell)