Treasury secretary Scott Bessent on Sunday said the US made “substantial progress” over two days of trade talks with Chinese officials in Geneva, in the first sign that Washington and Beijing may start to ratchet down economic tensions.
“We will be giving details tomorrow, but I can tell you that the talks were productive,” Bessent told reporters after he and US trade representative Jamieson Greer finished their meetings with Chinese vice-premier He Lifeng.
Greer said it was “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” and added that there had been a “lot of groundwork”.
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