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 worlds two largest economies.
Bessent said he would give more details on Monday, while US Trade Representative Jamieson Greer, also at the talks, said the differences between the two sides were not as great as previously thought.
Im happy to report that weve 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.
Greer said the Chinese officials were very tough negotiators, some of whom he said he had encountered in the past.
