China and U.S. Report ‘Substantial Progress’ in High-Level Trade Talks

Beijing and Washington agree to deepen economic cooperation after breakthrough discussions in Geneva

GENEVA — In a promising development for global markets, China and the United States announced they had made “substantial progress” following high-level trade talks held this week in Geneva. The discussions, led by Chinese Vice Premier He Lifeng and U.S. Trade Representative officials, were described as “candid, in-depth, and constructive.”

Vice Premier He Lifeng emphasized that the talks marked a “turning point” in recent economic dialogue between the two superpowers. He confirmed that both parties have agreed to establish a joint consultation mechanism aimed at continuing open and structured communication on key trade and economic issues.

“The meeting reflected mutual respect and a shared desire to stabilize and expand our economic relationship,” He said during a press briefing in Beijing.

Though exact details remain undisclosed, sources close to the negotiations indicate that discussions touched on tariff adjustments, intellectual property protections, and supply chain resilience. U.S. officials said the talks created a roadmap for continued cooperation and future agreements.

The two countries, which together account for over a third of global GDP, have had strained economic ties in recent years due to tariff wars, tech disputes, and geopolitical frictions. However, the outcome of the Geneva meeting was hailed by both delegations as “constructive and forward-looking.”

Further discussions are planned in the coming months, with working groups expected to dive deeper into unresolved trade imbalances and strategic concerns.