米べい中ちゅう貿易ぼうえき協議きょうぎが終了しゅうりょう ベッセント財務ざいむ長官ちょうかん「大おおきな進展しんてんあった」

The trade talks between the United States and China regarding tariff measures, which were being held in Switzerland, concluded on the 11th.

U.S. Treasury Secretary Bessent and Chinese Vice Premier He Lifeng both stated that there was progress in the talks, and are expected to reveal the details on the 12th.

Trade talks between the United States and China regarding tariff measures and other issues were held over two days until the 11th in Geneva, Switzerland. The U.S. side was represented by Treasury Secretary Bessent and U.S. Trade Representative Greer, while the Chinese side was represented by Vice Premier He Lifeng, who oversees economic policy.

This is the first formal consultation between senior officials of both countries since the Trump administration imposed reciprocal tariffs last month.

After the talks ended, Treasury Secretary Bessent told reporters that significant progress had been made and indicated that details would be announced on the morning of the 12th.

Also, USTR Representative Greer said, It was a very constructive two days.

It is important to understand how quickly an agreement was reached, which probably reflects that the differences in thinking between the two countries were not as great as had been assumed, he said, suggesting that there had been certain achievements.

On the other hand, Chinese Vice Premier He held a press conference and stated, There has been substantial progress and important common understanding has been reached.

He stated, Both countries have agreed to establish a mechanism for economic and trade consultations and have clarified that further discussions will take place, and revealed that a joint statement is scheduled to be issued on the 12th.

An unusual situation continues between the United States and China, with both sides imposing additional tariffs of over 100% on each other. The Chinese government has called for the removal of U.S. tariff measures and has indicated that it will not make any easy compromises.

On the other hand, President Trump has suggested that he may lower additional tariffs on China depending on the outcome of the negotiations, so the focus will be on whether the talks result in an agreement that leads to easing trade friction.

Chinese Vice Premier He Lifeng: “Agreed to establish a mechanism for economic and trade consultations.” After the talks ended, Chinese Vice Premier He Lifeng, who oversees economic policy, held a press conference and stated, “There has been substantial progress and we have reached important common ground.”

And he stated, Both China and the United States have agreed to establish a mechanism for economic and trade consultations and have made it clear that further consultations will be held, adding that a joint statement is scheduled to be released on the 12th.