US and China resume tariff talks after Trump hails ‘great progress’ on day one

US Secretary of the Treasury Scott Bessent is leading the Washington delegation at the talks. Picture: Martial Trezzini/Keystone/AP

The US and China have resumed crucial tariff talks that have put the global economy on edge, with each side appearing to have diverging views of where the negotiations presently stand.

President Donald Trump wrote on social media that “great progress” is being made and even suggested a “total reset” is a possibility as the sides took their seats for the second and final scheduled day of discussions in Geneva.