The first round of the Trump tariffs, which still mimicked traditional trade wars, involved mainly Canada, Mexico and China. The second round began with "reciprocal tariffs," which rely on flawed methodologies and mistaken calculations, covering most trading economies worldwide. Then came the huge U. S. retaliatory tariffs, which China countered.

The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

President Trump on Saturday suggested a “total reset” in U.S.-China trade relations amid reported talks over tariffs in Switzerland between the two countries. “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to.

The crew engaging with Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer was on public display for the first time Sunday.

U.S. Trade Representative Jamieson Greer spoke Monday night with CNN's Kaitlan Collins, who asked: "If there were no major concessions made in Geneva by the Chinese officials, some businesses may ask,

The U.S. is "smearing and shifting blame onto China" over the fentanyl issue, a spokesman for the Chinese foreign ministry said, after the Trump Administration had hailed the progress made with Beijing on the crisis at trade talks in Geneva.