The high-level China-U.S. economic and trade talks were held from May 10 to 11 in Geneva, Switzerland. On the evening of May 11 local time, Chinese lead representative and Vice Premier of the State Council He Lifeng stated at a press conference held by the Chinese delegation that the talks were candid, in-depth, and constructive. He noted that both sides had reached important consensus and made substantial progress. The two countries agreed to establish a mechanism for China-U.S. economic and trade consultations and will finalize related details as soon as possible. A joint statement summarizing the outcomes of the talks is expected to be released on May 12.
He Lifeng pointed out that the talks attracted significant international attention given the current global context. Thanks to the concerted efforts of both sides, the talks yielded notable results and marked an important step in resolving differences through equal dialogue and consultation. The discussions laid a solid foundation for further bridging gaps and deepening cooperation.
He emphasized that China-U.S. economic and trade relations are not only of great significance to both countries, but also have a profound impact on global economic stability and development. China is willing to work with the U.S. to implement the important consensus reached during the phone call between the two heads of state on January 17. He expressed a readiness to engage in frank dialogue, equitable consultation, proper management of differences, and a pragmatic approach to problem-solving. He also stressed the importance of exploring new areas of cooperation, extending the list of cooperative projects, expanding tangible outcomes, and promoting new progress in China-U.S. economic and trade relations—injecting greater certainty and stability into the global economy.
U.S. Treasury Secretary Scott Besant said after the second day of the Geneva talks: “We have made substantial progress in what is a very important trade negotiation between the U.S. and China.” He described the talks as “productive,” but did not respond to reporters’ questions, promising instead to deliver a “comprehensive briefing” on Monday regarding the outcomes.
Before the talks, which were held at the official residence of the Swiss Ambassador to the United Nations in Geneva, former U.S. President Donald Trump posted on social media suggesting he might lower tariffs, claiming that “an 80% tariff on Chinese goods seems appropriate!”
However, White House Press Secretary Karoline Leavitt later clarified that the U.S. would not unilaterally lower tariffs and that concessions would also be required from the Chinese side.
