The Swiss-US bilateral trade war is headed to a positive end: talks with the U.S. and China after the Brexit Brexit deal

Keller-Sutter said that the chance has been taken by the US and China. “We really hope that this platform we can offer will also lead to a result, because it would be in the interest of, I would say, the world economy and world commerce.”

In the meantime, Swiss President Karin Keller-Sutter said, her country was happy to help facilitate dialogue between the two global economic superpowers, at a moment when the anticipated impacts of tariffs have weighed heavily on stock prices and economic forecasts alike.

Bessent said he was originally only visiting Geneva to edge closer to a separate, updated trading arrangement with Swiss authorities. They said at a news conference Friday that they hoped to have an agreement with Washington within a few weeks.

But for Bessent, China has been the “missing piece,” as he explained in a recent interview on Fox News — one of the only countries that until now has refused to enter discussions on trade.

The UK struck a limited trade agreement with the Trump administration just days before these discussions of economic significance, but it left tariffs of 10% on most British exports.

The discussions began in a villa owned by the Swiss government, with beautiful views of Lake Geneva. Bessent said on the villa’s front steps Sunday that the conversations were productive and that President Trump was kept up to date with the developments.

Negotiating teams from the US and China ended two days of trade talks on a positive note despite tensions between the two countries.

The first attempts to end the trade war that caused billions of dollars in import disruption will be made in a city known for its discretion and conflict resolution.

The U.S. delegation is being led by Treasury Secretary Scott Bessent, alongside Trade Representative Jamieson Greer, and the only participant the Chinese have confirmed is the country’s vice premier for economic affairs, He Lifeng.

The current trade war will not benefit either the US or the other side, said Grozoubinski, now the executive director of the Geneva Trade Platform think tank.

“This is going to be the first steps in a dance where they try to feel out: ‘OK, what would a win for you look like, and is that a price we’re willing to pay,’ while trying to communicate the same thing in the other direction,” he said.

The initial set of conversations may herald the start of months of negotiations, according to a former diplomat and trade negotiator for Australia.

U.S. Treasury Secretary Scott Bessent meets with Swiss officials in Geneva: Progress in trade negotiations but release few details, and a meeting of the China-US Trade Representative

When he arrived in Geneva on Friday, Bessent had met with senior Swiss officials including Keller-Sutter. The Holy Spirit that traveled to Rome this week to vote in the pope’s election may go up to Geneva this weekend to help get things going, she told him.

U.S. Treasury Secretary Scott Bessent said Sunday evening that the two sides had made what he called “substantial progress,” but that more details would be announced Monday.

He said the meeting was “in-depth and constructive.” The meeting made some progress and reached a consensus.

The speed at which both sides were able to reach an accord was highlighted by the U.S. Trade Presentative, which was joined by Bessent.

“It’s important to understand how quickly we were able to come to agreement,” said Greer. It was something, he said, “which reflects that perhaps the differences were not so large as far as maybe thought.”

Several Trump administration officials still in Washington, including Kevin Hassett, director of the National Economic Council, and Commerce Secretary Howard Lutnick, had also spoken on television Sunday morning about the positive tone of the talks.

He was speaking to people at his country’s World Trade Organization office. He said that Beijing did not want the trade war that President Trump created, but that China had no fear and would go ahead and fight to the end.

Source: U.S. and China cite progress in trade talks but release few details

What Do Investors Think about Trade Negotiations in the Era of a Rejoinder for the Reionization of the Chinese-US Correspondence?

A good sign that the significant disruption to trade between the two countries could soon restart is what investors are most likely to react to.

“I would caution against too much reading of the tea leaves,” according to Dmitry Grozoubinski, a former Australian trade negotiator based in Geneva. “They likely agreed on what to discuss in their conversation, and what kinds of things they want to talk about.”