US President Donald Trump welcomed the “big progress” in talks between US and Chinese officials in Geneva on tariffs, claiming that they had negotiated a “complete re -launch” of trade relations between Washington and Beijing.

In a post on the Truth Social platform, Trump reports: “A very good meeting today (ed. Last Saturday) with China in Switzerland. Many issues were discussed, many agreed. Negotiated a complete restart In a friendly, but constructive way. We want to see, for the good of both China and the US, an opening of China to US businesses. There has been great progress! “

Talks between US and Chinese officials in Geneva are expected to continue today. Head of the US delegation is Finance Minister Scott Besand and White House spokesman Jameson Green. The Vice -President of the Chinese Government Hen Lifeng is leading the Beijing delegation.

Following his return to the White House in January, Donald Trump has used duties as a pressure lever to the US trade partners. It imposed additional customs duties 145% on imports from China, with Beijing responding with 125% duties to US products.

As a result, bilateral trade has virtually suspended, and there have been major upheavals in the world markets.

On Friday, Trump implied that he could reduce customs duties on Chinese products to 80%.

“The president would like to settle the problem with China. As he has said, he would like the situation to calm down, ” The US Secretary of Commerce Howard Latnik was speaking to Fox News.

Gesture is considered a symbolic nature, Since at this level the customs duties would still be unbearable for most Chinese imports to the United States.

Talks in Geneva are ‘A positive and constructive step toward the declining’, The General Manager of the World Commerce Organization (WTO) Nigos Okonzo-Juala was appreciated. In mid-April, the WTO leader had expressed a “great concern” over the US-China trade. He estimated that although trade between the two states “represent about only 3% of world trade”, the disconnection of these two major economies “could have significant consequences”. The global economy would then be divided into “two isolated blocks” based on geopolitical interests, he explained.

The Vice President of the Chinese Government came to the negotiating table with a trump: China announced on Friday 8.1% increase in exports In April, a four -fold rate of what analysts predicted, but its exports to the US declined by nearly 18%.

Donald Trump “is not going to unilaterally reduce duties in China. We need to see concessions on their part, “warned White House spokesman Caroline Levit.

“Possible outcome of the talks in Switzerland would be an agreement to suspend most of the duties imposed this year throughout the bilateral negotiations,” Bonnie Glazer, head of the Indian-Pacific program at the Washington-based GERMAN MARMAN MARMAN FUND Center, was estimated.

Sue Bin, a professor at China Europe International Business School (CEIBs) in Shanghai, does not consider duties to return to “reasonable levels”: “Even if they are reduced, they will probably decrease by half. But even at this level they will be too high. “To return regularity to commercial transactions.