President Trump Says ‘Total Reset Negotiated’ with China During Intense 10-hour Tariff Talks

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“We were far too dependent on China. We allowed them, through unfair trade practices, to deindustrialize us…that’s a very dangerous place to be, & President Trump is taking it on and he’s doing it now because it needs to be done now. It cannot wait any longer.” Secretary of State Marco Rubio.

‘Why is no one willing to acknowledge that the economic war between the US and China, which the Chinese are conducting on US soil, has been ongoing for a decade now? In reality, China now controls companies that produce food, purchases private residences, and the Chinese government is covering the mortgage payments on these private homes, despite the fact that the Chinese individuals are considered the owners. China has established banks within US borders, exclusively catering to Chinese citizens. Americans are not allowed to deposit funds in these Chinese banks on US soil. What Trump is currently engaged in is not a tariff war; it is a battle against China’s economic invasion in the US. Tariffs are merely one of the tools being used in this economic conflict,’ one commenter pointed out.

Talks continue today……

Trump says ‘total reset negotiated’ with China during intense 10-hour tariff talks in Geneva

By Alexandra Koch, Fox News, May 10, 2025, Fox News:

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

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.”

“We want to see, for the good of both China and the U.S., an opening up of China to American business,” Trump wrote in the post. “GREAT PROGRESS MADE!!!”

A longtime supporter of tariffs, Trump argued that “fair” duties could address the nation’s record $1.2 trillion trade deficit from 2024 and encourage the return of U.S. manufacturing jobs.

Bessent said in April the tariffs could cost China up to 10 million jobs, making Chinese tariffs unsustainable.

Trump also mentioned on Truth Social, “We want to see, for the good of both China and the U.S., an opening up of China to American business.” REUTERS
US Secretary of Treasury Scott Bessent leaves his hotel to a meeting with China’s officials on tariffs in Geneva, on May 10, 2025. 3
The meeting between the two countries took place in Geneva, Switzerland, as Treasury Secretary Scott Bessent acknowledged that “many things” were discussed. AFP via Getty Images



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