U.S.-China Trade Talks Show Progress Amid Ongoing Tensions

U.S. officials report significant progress in trade talks with China, while experts advise caution regarding expectations for immediate tariff changes.

In a major development in international trade relations, U.S. Treasury Secretary Scott Bessent announced on May 11, 2025, that substantial progress was made during recent discussions with Chinese officials in Geneva. This announcement followed a weekend of negotiations aimed at resolving long-standing trade issues between the two nations. Details of the outcomes from the talks are anticipated to be released today.

Jamieson Greer, the U.S. Trade Representative present at the discussions, indicated that a potential deal may address U.S. national security concerns related to China's trade practices. However, he refrained from confirming whether there was any agreement to lift the existing punitive tariffs imposed on Chinese goods.

On the Chinese side, Vice Premier He Lifeng characterized the talks as “candid, in-depth and constructive.” Chinese state media relayed that both sides have established a new “consultation mechanism” to facilitate ongoing discussions concerning economic and trade matters.

Trade analyst Ana Swanson of The New York Times provided further insight, expressing that while any reduction in trade tensions offers positive news for businesses affected by U.S.-China trade dynamics, it is prudent to temper expectations. She pointed out that the outcomes from just two days of discussions may primarily result in more scheduled meetings rather than immediate tariff reductions.

As the world watches closely, the outcome of today's announcements may shape not only U.S.-China relations but the global trade landscape as well.