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|    alt.politics.economics    |    "Its the economy, stupid"    |    345,379 messages    |
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|    Message 345,164 of 345,379    |
|    Left Wings to All    |
|    Trump says ‘total reset negotiated’     |
|    11 May 25 06:02:42    |
      XPost: alt.politics.republicans, alt.politics.trump, talk.politics.guns       XPost: sac.politics, talk.politics.misc       From: dont@email.me              President Donald Trump announced on Truth Social Saturday night that       “great progress” had been made during weekend trade negotiations with       China.              During the meeting in Geneva, Switzerland, between U.S. officials,       including Treasury Secretary Scott Bessent, and a Chinese delegation,       “many things” were discussed and “much [was] agreed to,” Trump said.              No major breakthrough was announced in discussions that lasted over 10       hours, The Associated Press reported, and negotiations are scheduled to       continue Sunday.              The administration announced a round of tariffs April 2 and later       imposed a 145% tariff on Chinese goods.              After reducing reciprocal tariffs on other countries for 90 days to a       baseline of 10%, China raised tariffs on U.S. goods to 125%.              On Thursday, Trump told reporters at the White House China “very much”       wanted to make a deal, ending the intense tariff battle.              While the president did not provide many specifics Saturday night, he       described the agreement as “a total reset negotiated in a friendly, but       constructive, manner.”              “We want to see, for the good of both China and the U.S., an opening up       of China to American business,” Trump wrote in the post. “GREAT PROGRESS       MADE!!!”              A longtime supporter of tariffs, Trump argued that “fair” duties could       address the nation’s record $1.2 trillion trade deficit from 2024 and       encourage the return of U.S. manufacturing jobs.              Bessent said in April the tariffs could cost China up to 10 million       jobs, making Chinese tariffs unsustainable.              “Even if there is a drop in the tariffs, they could lose 5 million       jobs,” Bessent told White House reporters.              “Remember that we are the deficit country. They sell almost five times       more goods to us than we sell to them. So, the onus will be on them to       take off these tariffs.”              https://nypost.com/2025/05/10/us-news/trump-says-total-reset-negotiated-w       ith-china-during-bessents-tariff-talks-in-geneva/              --- SoupGate-DOS v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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