U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer have confirmed significant advancements in essential trade negotiations with China after a two-day meeting held in Geneva.

Bessent noted, “I am happy to report that we made substantial progress in the very important trade talks between the United States and China.”

Greer described the constructive and fast-paced discussions, indicating that the differences between both sides might not be as vast as previously thought—setting the stage for further negotiations to narrow the U.S. trade deficit with China.

Key Outcomes from the Geneva Meeting

• Constructive Environment: Both delegations quickly reached initial frameworks, highlighting moments of consensus built over recent months.

• Future Steps: Additional consultations will elaborate on specifics regarding tariffs, market access, and enforcement.

• Focus on Trade Deficit: The negotiations aim to reduce the trade imbalance through escalated U.S. exports and minimized barriers.

Market Implications

News of the trade talks’ progress invigorated U.S. futures and boosted Asian equity markets. Investors remain cautious, awaiting specific announcements regarding tariff rollbacks and sector-focused commitments.

The coming weeks will be vital in turning collective agreement into enforceable actions, which could shape the investor landscape.