TRUMP SAYS NEGOTIATIONS WITH CHINA IN GENEVA AIM TO RESET RELATIONS, BUT NO RESULTS YET!

                                                

CALI TODAY (May 11, 2025): "Today was a very good meeting with China in Switzerland. Many issues were discussed, and many things were agreed upon. A complete reset was negotiated in a friendly but constructive manner. We want to see, for the benefit of both China and the United States, China open its doors to American businesses. GREAT PROGRESS ACHIEVED!!!" President Trump stated in a post on his Truth Social platform today, Sunday, May 11.Al Jazeera

Earlier, on Saturday, May 10, during the first day of meetings between the U.S. and Chinese delegations in Geneva, Switzerland, Donald Trump proposed a "complete reset" in U.S.-China trade relations amid reports of tariff negotiations between the two countries.

The Associated Press reported on Sunday that tariff negotiations between China and the United States had resumed on the second day, but perceptions of how the talks were proceeding appeared to differ between the two nations. China would "firmly reject any proposals that harm core principles or undermine the shared goal of global fairness," according to China's official news agency, as reported by AP.

In the first few months of his second term, Trump's tariff policies have shaken global markets; strained relationships with trade partners like China, the European Union, Canada, and Mexico; and increased economic concerns worldwide.

In a recent interview, Commerce Secretary Howard Lutnick stated that the Trump administration is seeking to reduce tensions over tariff policies but initially needs to address trade disagreements with China "properly."Al Jazeera

"It's ridiculous to think that Trump does anything for his personal benefit," Lutnick said on Friday.

"So, I think the president wants to resolve the issue with China, as he has said, he wants to de-escalate. But look, he won't live with a trillion-dollar deficit," Lutnick continued.

"He won't do that. So, the idea is to de-escalate, but make Chinese trade right, and reach trade agreements with the rest of the world," he added. "Let's cut our trade deficit. Let's grow our GDP."

U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer spoke to the press after the second day of bilateral meetings between the United States and China in Geneva, Switzerland, on Sunday, May 11, 2025.New York Post

The chief U.S. negotiator in trade talks with China welcomed the "high productivity" in resolving differences between the world's two leading economies, after officials concluded two days of negotiations in Switzerland following President Donald Trump's imposition of high tariffs and Beijing's retaliation.

U.S. Treasury Secretary Scott Bessent said on Sunday that "significant progress" had been made during the weekend sessions but did not provide details on what exactly was negotiated. He added that more information would be available in a press conference on Monday.

U.S. Trade Representative Jamieson Greer stated that an agreement had been reached but did not provide specifics. He and Bessent gave brief responses to reporters after the talks concluded at the stately villa, the residence of the Swiss ambassador to the United Nations in Geneva, but did not answer questions.

It is still unclear whether China has agreed to Trump's proposal to reduce tariffs from 145% to 80% on Chinese goods.

Meanwhile, on Monday, May 12, Donald Trump will embark on his first overseas trip of his second term to the Middle East and will visit Qatar, where he is expected to receive a luxury Boeing 747-8 jet from the Qatari royal family to be used temporarily as Air Force One. However, this special aircraft will need to undergo security reviews and address all issues before being brought to the United States. ABC+3New York Post+3Reuters+3

The Qatari royal family has also invested $2 billion into Donald Trump's cryptocurrency venture, and Trump's actions leading to the devaluation of the U.S. dollar and the loss of credibility of U.S. government bonds are seen as efforts to position his cryptocurrency at the forefront of the financial sector.

Congress is currently reviewing this matter. Trump's children have reportedly profited hundreds of millions of dollars from Trump's cryptocurrency in the past month. This marks the first time in U.S. history that a sitting president has used his position for personal financial gain. theguardian.com+1thedailybeast.com+1

HẠNH DƯƠNG