Treasury Secretary Scott Bessent and Jamieson Greer, the United States Trade Representative, are leading the talks for Washington. For Beijing, the negotiations are being led by He Lifeng, China’s vice premier for economic policy. The tariffs effectively cut off trade between the world’s two largest economies.

High-stakes US-China trade negotiations entered their second day in Geneva on Sunday, 11 May 2025, as both sides sought to de-escalate tensions triggered by record-high tariffs. President Trump hailed a “total reset” in the economic relationship despite little clarity on immediate tariff reductions.