Trump hails progress after first day of US-China trade talks

Quick Summary:

Senior US and Chinese negotiators spent hours behind closed doors in Switzerland on Saturday as they held high-stakes talks that offer the clearest opportunity yet for the two countries to de-escalate their trade war, with President Donald Trump calling it a "very good” meeting.

China said it has forcefully cracked down on the fentanyl trade, and has even said Washington owes it a “big thank you” for its efforts.

Two-way annual trade between both countries is around $700 billion, and China has an estimated $1.4 trillion of portfolio investments in the US.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jennifer A. Dlouhy, Enda Curran & Jenny Leonard / Bloomberg

Category: BusinessStartups

Markets: PhilippinesChinaHong KongSwitzerland

Topics: Trade Beijing Chinese Trump Tariffs China Talks American Percent President Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-11 @ 11:44:56 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1233 words

Reading Time: 7 minutes read

Sentences: 54 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28562775

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 9 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 8 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions