Trump Says Relationship With Jinping ‘Very Good’ As US-China Hit ‘Total Reset’ On Tariff War

<p>US President Donald Trump said that his administration has achieved a “total reset with China” with the latest agreement, following weeks of an escalating trade war between the two nations. He also said that his relationship with Chinese counterpart Xi Jinping is “very good”.</p>
<p>&ldquo;We achieved total reset with China…They were were happy to be doing something with us,&rdquo; Trump said during a press conference, while speaking about the progress made between the two countries after high-level discussions in Geneva, BBC reported.</p>
<p>Earlier in the day, US and China announced a temporary truce in their tariff war. They announced an arrangement, as a part of which, both nations agreed to reduce the tariffs imposed by them on each other for a 90-day period, allowing further negotiations. While the US will reduce duties on Chinese goods to 30 percent from 145 percent, China has agreed to reduce tariffs on American imports to 10 percent.</p>
<p>Trump added that the “best part of the deal” is that “China agreed to open itself up to American business”. However, he said that the US has opened itself to Chinese imports but that “they didn’t open their country to us”.</p>
<p>He also said that China will “suspend and remove all of its non-monetary [trade] barriers”, but that deal still needs to be signed.</p>
<h3>Trump Said Relationship With China ‘Very Good'</h3>
<p>Commenting on further negotiations related to the tariff agreement with China, Trump stated that he will speak to Chinese President Xi Jinping “maybe at the end of the week”. He described the relationship between the US and China as “very, very good”.</p>
<p>”We’re not looking to hurt China,” he said, adding that China was “being hurt very badly”. “They were closing up factories. They were having a lot of unrest, and they were very happy to be able to do something with us,” the US President said.</p>
<p>The talks between US and China concluded Sunday at a villa in the Swiss suburb of Cologny, where top officials from Washington and Beijing met to ease tensions over a growing trade deficit and a literal trade war.&nbsp;</p>
<p>Following the meeting, China’s commerce ministry called the agreement “substantial progress,” noting that the result caters to both national and global interests.&nbsp;&nbsp;</p>