News- World: US President Donald Trump has announced that US-China tariff negotiations are progressing well, saying the talks are making “great progress” and could lead to a “total reset” of trade relations between the two economic powerhouses.

Delegations from the two countries had diverging views on Sunday as they resumed the trade talks at the residence of the Swiss ambassador to the UN in Geneva, who is hosting the negotiations.

Trump wrote on social media that “great progress” was being made and even suggested a “total reset” was a possible outcome of the tariff talks.

However, President Trump gave no further details, and officials at the White House also offered little information about the discussions.

Chinese officials have yet to comment on the talks. However, the country's official Beijing-linked news agency took a tough line, saying China will “firmly reject any proposal that compromises core principles or undermines the broader cause of global equity.”

Last month, President Trump slapped 145 percent tariffs on China, prompting the Chinese side to retaliate.

He later adopted a more conciliatory tone, proposing an 80 percent tariff on Chinese imports as an alternative to the current 145 percent, asserting that the new rate “seems right.”

Meanwhile, experts say US-China tariff talks could help stabilize world markets roiled by the standoff between them.

China says it is not in favor of a trade war with the US. However, it also said it is “not afraid” of fighting the United States.

"If the US really wants to resolve the issue through dialogue and negotiation, it should stop exerting extreme pressure, stop threatening and blackmailing, and talk to China on the basis of equality, respect, and mutual benefit,” Chinese Foreign Ministry spokesman Lin Jian said last month.

“China’s position has been very clear. There is no winner in a tariff war or a trade war,” he said, asserting that “China does not want to fight, but it is not afraid to fight.”

Source: Press TV