The U.S. and China on Sunday resumed crucial tariff talks that have put the global economy on edge, but presented differing views on where the negotiations presently stand.
U.S. President Donald Trump wrote on social media that “great progress” was being made and even suggested a “total reset” was a possibility as the sides took their seats for the second and final scheduled day of discussions in Geneva.
Beijing has yet to comment directly but its official news agency took a tough approach, saying China will “firmly reject any proposal that compromises core principles or undermines the broader cause of global equity.”
WATCH | China has an ‘unsustainable’ economic model, says Bessent: U.S. Treasury Secretary Scott Bessent, speaking at an event hosted by the Institute of International Finance, says the ‘persistent overreliance’ on the U.S. for consumer demand is creating an ‘evermore unbalanced’ global economy, citing China’s export-heavy economy as an ‘unsustainable’ model.
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