High-level U.S. and Chinese negotiators reconvened in Geneva on Sunday in an effort to ease the intensifying trade standoff that has rattled global markets and raised fears of broader economic fallout, according to two individuals familiar with the ongoing discussions.

Chinese Vice Premier He Lifeng engaged in roughly eight hours of talks on Saturday with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer — marking the first in-person exchange between the two superpowers since both imposed tit-for-tat tariffs exceeding 100% on each other’s exports.

Though the closed-door meetings, held at the residence of Switzerland’s ambassador to the United Nations, concluded without public remarks or clear breakthroughs, U.S. President Donald Trump later struck an optimistic tone.

Describing the session as a “total reset” conducted in a “friendly, but constructive” spirit, Trump took to his Truth Social platform to praise the talks: “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to.”

He further emphasized his administration’s goal of securing greater access for American businesses in Chinese markets, writing, “GREAT PROGRESS MADE!!!” — though no specific agreements were detailed.

The talks are taking place at a secluded diplomatic villa nestled in Cologny, a wealthy enclave near Lake Geneva, chosen for its neutral setting after Swiss officials extended quiet invitations during recent visits to Washington and Beijing.

With both countries locked in a high-stakes tariff standoff, the Geneva talks are viewed as a critical opportunity to recalibrate relations and prevent further damage to global trade flows.