After two days of talks in Switzerland, President Donald Trump&#8217;s envoys touted what they said was significant movement toward reaching a trade deal with China.
Treasury Secretary Scott Bessent told reporters on Sunday that there was <a href="https://x.com/business/status/1921615311838577125" target="_blank" rel="noopener">&#8220;substantial progress&#8221;</a> and a &#8220;great deal of productivity&#8221; in the discussions with Chinese officials.
&#8220;We will be giving details tomorrow, but I can tell you that the talks were productive,&#8221; Bessent added.
<blockquote class="twitter-tweet" data-media-max-width="560">
.<a href="https://twitter.com/SecScottBessent?ref_src=twsrc%5Etfw">@SecScottBessent</a> says there has been a &#8220;great deal of productivity&#8221; in trade talks with China: &#8220;We will be giving details tomorrow, but I can tell you that the talks were productive.&#8221; <a href="https://t.co/v85uugnMnV">pic.twitter.com/v85uugnMnV</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1921597140784013614?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
The delegation from China also indicated the negotiations went well.
Chinese Vice Premier He Lifeng said the talks marked &#8220;an important first step&#8221; and promised a joint statement, according to <a href="https://www.bloomberg.com/news/articles/2025-05-11/us-china-made-substantial-progress-in-trade-talks-bessent-says" target="_blank" rel="noopener">Bloomberg</a>.
As it stands, the United States imposed an overall tariff rate on Chinese goods at 145%. Beijing responded by <a href="https://www.cnbc.com/2025/04/11/china-strikes-back-with-125percent-tariffs-on-us-goods-starting-april-12.html" target="_blank" rel="noopener">raising</a> tariffs on U.S. goods to 125%.
China&#8217;s delegation <a href="https://www.dailywire.com/news/china-dispatches-top-security-chief-to-face-trump-team-over-fentanyl-crisis-tariffs" target="_blank" rel="noopener">reportedly</a> included President Xi Jinping&#8217;s top security official, a sign the discussions broached the fentanyl crisis in addition to trade.
The world&#8217;s two largest economies have been roiled as a result of the trade war, which escalated with Trump&#8217;s &#8220;Liberation Day&#8221; tariffs last month.
Bessent noted that he and U.S. Trade Representative Jamieson Greer spoke to Trump the night before.
&#8220;He is fully informed of what is going on,&#8221; Bessent said of the president.
Trump himself posted about the talks on Truth Social in the evening on Saturday.
&#8220;A very good meeting today with China, in Switzerland. Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner,&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114486066663976973" target="_blank" rel="noopener">said</a>.
&#8220;We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!&#8221; the president added.
Greer, who was standing beside Bessent, said China&#8217;s officials &#8220;worked very diligently&#8221; and were &#8220;very tough negotiators.&#8221;
<blockquote class="twitter-tweet" data-media-max-width="560">
.<a href="https://twitter.com/USTradeRep?ref_src=twsrc%5Etfw">@USTradeRep</a> in Geneva: &#8220;The U.S. has a massive $1.2 trillion trade deficit, so the President declared a national emergency &#8230; We&#8217;re confident that the deal we struck with our Chinese partners will help us work toward resolving that national emergency.&#8221; <a href="https://t.co/1kuPhzzGLp">pic.twitter.com/1kuPhzzGLp</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1921597758911267219?ref_src=twsrc%5Etfw">May 11, 2025</a></blockquote>
He echoed what Bessent said, declaring how the past two days were &#8220;very constructive,&#8221; and then made a stark observation about the timeframe.
&#8220;It&#8217;s important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought,&#8221; Greer said.
&#8220;That being said, there was a lot of groundwork that went into these two days,&#8221; he continued.
Greer also emphasized that it was &#8220;important&#8221; to remember why they were there in the first place.
&#8220;The United States has a massive $1.2 trillion trade deficit, so the president declared a national emergency and imposed tariffs,&#8221; Greer said.
&#8220;We&#8217;re confident that the deal we struck with our Chinese partners will help us work toward resolving that national emergency,&#8221; he added.
Heading into the high-stakes talks, Trump suggested that Bessent had room to offer a lower rate.
“80% Tariff on China seems right! Up to Scott B,” Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114477628854583525" target="_blank" rel="noopener">said</a> in a Truth Social post on Friday.
Trump officials have been <a href="https://www.dailywire.com/news/sorry-china-bessent-says-deal-with-massive-trade-partner-very-close" target="_blank" rel="noopener">negotiating</a> on trade with a host of nations impacted by the president&#8217;s &#8220;Liberation Day&#8221; tariffs, which hinge on a national emergency declaration.
Last week, the White House unveiled a trade deal <a href="https://www.whitehouse.gov/fact-sheets/2025/05/fact-sheet-u-s-uk-reach-historic-trade-deal/" target="_blank" rel="noopener">framework</a> with the United Kingdom.

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Trump’s Envoys Tease China Trade Breakthrough, Stress How ‘Quickly’ It Came Together

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Trump’s Envoys Tease China Trade Breakthrough, Stress How ‘Quickly’ It Came Together