
A file photo of U.S. Treasury Secretary Scott Bessent
| Photo Credit:
NATHAN HOWARD/Reuters
U.S. Treasury Secretary Scott Bessent said on Sunday that there had been “substantial progress” in talks between his team and that of Chinese Vice Premier He Lifeng in Geneva on defusing a trade war between the world’s two largest economies.
Bessent said he would give more details on Monday, while U.S. Trade Representative Jamieson Greer, also at the talks, said the differences between the two sides were not as great as previously thought.
“I’m happy to report that we’ve made substantial progress between the United States and China in the very important trade talks,” Bessent told reporters.
Bessent said he had informed President Donald Trump of the progress of the talks, and there would be a complete briefing on details on Monday.
The talks had continued into a second day on Sunday as both sides discussed how to de-escalate a trade war that threatens to inflict major damage on the world economy.
Published on May 11, 2025
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.