Dope Tawk 'Bout Trade with China: Trump Says "Reset Button" Pushed in Geneva
Trump declares a "reboot" of relations with China
Yo, guess who's chattin' it up again? That's right! Prez Trump and China's bigwigs are knockin' heads in Geneva, Switzerland. The trade talkin' drama is real and existing, but don't expect an agreement just yet, fam. The discussions lasted eight long hours, and Prez Trump's feFNig Twitter account lit up with some good vibes and "major progress," but he didn't spill the beans on what exactly was agreed upon.
According to Prez T, the meetin' with the Chinese cats was peng, homie. He emphasized that significant progress had been made, but he kept mum on the flips 'n' flops. In true Trump fashion, he wrote, "We wanna see China openin' up to American companies, for the good of both nations!" Followed by a double exclamation, 'cause y'all know Trump loves his exclamation points.
The beef between the US and China goes way back to when Prez T launched his trade war against Chi-Town. He accused China of shenanigans in the trade game, jacked up tariffs on Chinese products to a staggering 145%, and China fought back with a tariff of 125% on US goods. These tariffs have been playin' hell with global trade and threatenin' to snatch the fur-coat of global economic growth.
But let's not get ahead of ourselves; Prez T ain't ready to reveal his full hand just yet. He dropped a hint about potentially chillin' the tariffs down to 80%, but don't hold your breath on China makin' any immediate concessions. They're all about protectin' their interests while tryin' to size up the US's next move.
Overall, the Geneva talks were focused on de-escalatin' the situation rather than gonna for a grand slam deal. Basically, both parties are tryna find a way to avoid implodin' under the weight of these sky-high tariffs. And while all the deets aren't out yet, any perceived progress could make the market sip some cuppa positive vibes.
These talks ain't over yet, homeslice. Negotiations continue on the following day, and it'll be a wait and see game to see what kinda deals get struck. Until then, keep it locked on Prez T's Twitter for all the inside scoop. 🤙🏼
Sources:
- Bloomberg
- CNN Business
- The Commission has also been consulted on the draft budget related to the trade talks between the United States and China.
- The focus of the talks in Geneva was on de-escalating the situation rather than aiming for a grand slam deal, with an aim to avoid imploding under the weight of tariffs.
- In Beijing, politics and policy-and-legislation discussions are ongoing as they weigh in on the impact of talks and potential tariff reductions on general news and their national interests.
- Despite the positive vibes and "major progress" mentioned by President Trump, a restart of footing between the American and Chinese companies might depend on concessions related to tariffs and policy changes.
