The United States and China have agreed to establish a new platform for more tariff negotiations after two days of talks in Geneva, aimed at lowering trade tensions. China's Vice Premier He Lifeng described those talks as candid and constructive in Geneva,

The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.

Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a day of prolonged negotiations and will resume Sunday, a source said.