China and U.S. report significant progress in trade talks
Edited By WION Video Desk
Published: May 12, 2025, 07:15 IST | Updated: May 12, 2025, 07:15 IST
U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer described recent two-day negotiations in Geneva as "productive" and "constructive," signaling a potential easing of trade tensions. President Trump referred to the discussions as a "total reset" in U.S.-China relations, with expectations of a joint statement forthcoming. The positive developments led to a surge in stock futures, with the Dow Jones Industrial Average rising over 530 points (1.3%) .
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