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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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