Senior US and Chinese officials met again on Sunday in Geneva, two sources familiar with the situation told Reuters, to resume weekend talks aimed at cooling the trade war that threatens to seriously damage the global economy.

Chinese Vice Premier He Lifeng met for about eight hours on Saturday with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer in their first face-to-face meeting since the world’s two largest economies imposed tariffs well above 100 percent on each other’s goods.

Neither side commented on Saturday about the substance of the discussions nor signalled any specific progress towards reducing steep trade barriers as meetings at the residence of Switzerland's ambassador to the UN concluded.

But later, US President Donald Trump gave a positive reading of the talks, saying the two sides had negotiated “a total reset ... in a friendly, but constructive, manner.”

“A very good meeting today with China, in Switzerland. Many things discussed, much agreed to,” Trump posted on his Truth Social platform.

Trump added: “We want to see, for the good of both China and the US, an opening up of China to American business. GREAT PROGRESS MADE!!!” He did not elaborate on the progress.

The negotiating teams are meeting at the gated UN ambassador’s villa, which has its own private park overlooking Lake Geneva in the leafy suburb of Cologny.

Switzerland was chosen as the location following approaches by Swiss politicians on recent visits to China and the United States.