Politics
US makes ‘substantial progress’ in China tariff talks, Treasury Secretary Scott Bessent says – National TenX News
The lead U.S. negotiator in trade talks with China cited “a great deal of productivity” in resolving differences between the world’s two leading economic powers after officials wrapped two days of bargaining in Switzerland following President Donald Trump’s steep tariffs and Beijing’s retaliation.
U.S. Treasury Secretary Scott Bessent said Sunday that there was “substantial progress” in the weekend sessions but offered scant details on exactly what negotiations entailed. He said details would come at a briefing the following day.
There was no immediate comment from the Chinese representatives at the talks.
Bessent was more cautious in assessing the state of play than was his partner, U.S. Trade Representative Jamieson Greer.
“It’s important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as far as maybe thought,” said Greer, who did not say what deal he was referring to.
Neither Bessent, who did not speak of any deal or agreement, nor Greer took questions after making statements at a news conference.
The White House subsequently issued a statement titled, “U.S. Announces China Trade Deal in Geneva” but offering only the same quotes by Bessent and Greer.
Trump himself also struck a positive tone, suggesting on social media on Saturday night that “GREAT PROGRESS” was being made toward what he suggested could be a “total reset” on the tariffs that have put the global economy on edge.
Beijing, however, was more measured about the negotiations’ overall direction. China, in an editorial in its state-run news agency published before Sunday’s second day of negotiations kicked off, said it would “firmly reject any proposal that compromises core principles or undermines the broader cause of global equity.”
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The discussions were held at a stately villa that serves as the residence of the Swiss ambassador to the United Nations.
Negotiations could help stabilize world markets roiled by the U.S.-China standoff that has ships in port with goods from China unwilling to unload until they get final word on tariffs.
Trump last month raised U.S. tariffs on China to a combined 145%, and China retaliated by hitting American imports with a 125% levy. Tariffs that high essentially amount to the countries’ boycotting each other’s products, disrupting trade that last year topped $660 billion.
In its editorial, Xinhua said, “Talks should never be a pretext for continued coercion or extortion, and China will firmly reject any proposal that compromises core principles or undermines the broader cause of global equity.”
Still, top members of the Trump administration were following the president’s lead in insisting that a reset of U.S.-China trade relations could be in the offing.
“Secretary Bessent has made clear that one of his objectives is to de-escalate,” U.S. Commerce Secretary Howard Lutnick, who wasn’t in Geneva, said on “Fox News Sunday.” He added that the U.S. and China have both imposed tariffs that are “too high to do business, but that’s why they are talking right now.”
“We are the consumer of the world. Everybody wants to sell their goods here,” Lutnick said. So they need to do business with American and we’re using the power of our economy to open their economy to our exporters.”
Kevin Hassett, director of the White House National Economic Council, told Fox News Channel’s “Sunday Morning Futures” that “what’s going to happen in all likelihood is that relationships are going to be rebooted. It looks like the Chinese are very, very eager to play ball and to renormalize things.”
“We’re essentially starting over, starting from scratch with the Chinese,” Hassett said “and they seem to think that they really want to rebuild a relationship that’s great for both of us.”
The talks mark the first time the sides have met face-to-face to discuss the issues. And though prospects for a breakthrough are slight, even a small drop in tariffs, particularly if taken simultaneously, would help restore some confidence.
“Negotiations to begin de-escalating the growing US–China trade war are badly needed and it’s a positive sign that both sides were able to gracefully move beyond their bickering over who had to call first,” Jake Werner, director of the East Asia Program at the Quincy Institute for Responsible Statecraft, said in an email.
The Trump administration has imposed tariffs on countries worldwide, but its fight with China has been the most intense. Trump’s import taxes on goods from China include a 20% charge meant to pressure Beijing into doing more to stop the flow of the synthetic opioid fentanyl into the United States.
The remaining 125% involve a dispute that dates back to Trump’s first term and comes atop tariffs he levied on China back then, which means the total tariffs on some Chinese goods can exceed 145%.
© 2025 The Canadian Press
Prime Minister Mark Carney says Qatar has committed to “significant” investments for Canada’s major building projects, calling it a “new chapter” in bilateral relations.
Carney made the announcement Sunday following his meeting with Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar.
The new measures will include the finalization of the Investment Promotion and Protection Agreement with Qatar, a deal that has seen years of stalled negotiations, Carney said.
“We are raising our relationship and our level of alignment by making friends with strategic partners,” Carney said. “To launch this new chapter in our relationship, I’m pleased to announce that Qatar has committed to make significant strategic investments in Canada’s nation-building projects.
“This capital will help the projects get built faster and supercharge our energy industries, while helping to create thousands of high-paying careers for Canadians.”
He also said the new agreement will help Canadian businesses to “more easily” expand operations in Qatar as well as attract investment from the country.
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According to a readout from the Prime Minister’s Office, air services between Canada and Qatar will also be expanded and a defence attache from Canada will be posted in the country.
According to the PMO, the two countries have agreed to launch negotiations on a new framework focused on military, security and defence matters, and expand investment opportunities on areas such as AI.
The PMO said the two leaders agreed to stay in touch and Carney noted Sunday he had invited the Emir to visit Canada later this year and attend the World Cup match between their two countries with him.
The plans with Qatar are Carney’s latest in a slew of agreements and travel to other countries to discuss trade deals since his election last year.
Asked about his ongoing efforts to meet with countries interested in trade, Carney told reporters that multilateral relationships are “being eroded.”
“The consequence of that is there is a reduction in freer trade, much more trade is tariff-based or otherwise restricted and there is virtually no, with all due respect to those who are trying, virtually no multilateral progress,” Carney said.
“Where there is progress, and where Canada and like-minded countries are looking to make progress, is through pluriality deals… which is multiple countries but not all countries.”
On Friday, Canada announced that 49,000 Chinese-made electric vehicles (EVs) would soon be imported each year with a lowered 6.1 per cent tariff after Carney struck a deal with Chinese President Xi Jinping.
Carney added on Sunday that Xi showed interest in expanding China’s trade relations with other countries, and that’s why Canada is establishing trade deals with other countries, such as Qatar.
“In this more uncertain and dangerous world, we’ve chosen to create greater stability, security and prosperity together,” Carney said.
© 2026 Global News, a division of Corus Entertainment Inc.
World leaders are raising alarm after U.S. President Donald Trump threatened to impose sweeping tariffs on European allies in an effort to pressure Denmark into negotiations over Greenland.
The move is sparking protests across the Arctic and sharp rebukes from Europe and Canada.
On Saturday, thousands of people marched through snow and ice in Greenland’s capital, Nuuk, chanting “Greenland is not for sale,” waving national flags.
Police described the demonstration as the largest they have ever seen in the city.
About 825 kilometres away, dozens of people rallied in Iqaluit, Nunavut, in a show of solidarity with Greenlanders.
“Greenland is owned by the Greenlandic people,” protesters chanted in Inuktut as they marched for an hour in freezing, windy conditions.
The protests came as Trump announced he would impose a 10 per cent import tax starting next month on goods from eight European countries.
These nations include Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland, because of their opposition to U.S. control of Greenland.
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The tariff would rise to 25 per cent on June 1 if no deal was reached for what Trump called the “Complete and Total purchase of Greenland.”
The president suggested the tariffs were leveraged to force talks over Greenland, a semi-autonomous territory of NATO ally Denmark that Trump says is vital to U.S. national security.
French President Emmanuel Macron said France stands firmly behind Greenland’s sovereignty and rejected the use of trade threats.
“Tariff threats are unacceptable and have no place in this context,” Macron wrote on social media, adding that Europeans would respond “in a united and coordinated manner” if the measures are confirmed.
British Prime Minister Keir Starmer said Greenland’s future is for Greenlanders and Denmark to decide.
“Applying tariffs on allies for pursuing the collective security of NATO allies is completely wrong,” Starmer said, adding the issue would be raised directly with the U.S. administration.
Bob Rae, former Canadian ambassador to the United Nations, also chimed in on Trump’s announcement.
The tariff threat could mark a significant rupture between the U.S. and its NATO allies.
Greenland already hosts the U.S.-run Pituffik Space Base under a 1951 defence agreement with Denmark, supporting missile warning, missile defence and space surveillance for the U.S. and NATO.
“There is no sign of the Trump war of aggression against Greenland and Denmark letting up. It is not about ‘security’ any more than Venezuela was about ‘narco-terrorism.’ They are both about seizing control and plunder.”
He further added, “No country, including my own, Canada, is safe or secure.”
The tariff threat could mark a significant rupture between the U.S. and its NATO allies.
Trump is expected to face questions about the proposed tariffs and Greenland later this week.
He is scheduled to attend the World Economic Forum in Davos, alongside several European leaders he has threatened with tariffs.
— With files from The Canadian Press
© 2026 Global News, a division of Corus Entertainment Inc.
Prime Minister Mark Carney arrived in Doha on Saturday as part of a push to attract foreign investment and deepen Canada’s economic partnerships beyond its traditional allies.
Carney’s visit comes on the heels of his visit to China and follows the recent presentation of a new federal investment budget aimed at positioning Canada as a stable, attractive destination for global capital.
In a news conference on Saturday, Finance Minister François-Philippe Champagne said Canada is working to broaden its economic relationships as global trade patterns shift.
Qatar is viewed by Ottawa as a strategic partner, with officials pointing to the country’s significant investment capacity and growing influence on the global stage.
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“We need to reduce our dependence and increase our self-reliance to find a strategic path forward,” Champagne said.
“Engaging with the Middle East and China is necessary for Canada, just like our European partners have done,” Champagne added. “We buy more from the U.S.A. than anywhere else, but the trading climate right now is different.”
The conference highlighted Canada’s industrial capacity and trade advantages as key selling points for potential investors.
Champagne also said international engagement is critical as Canada works to raise its profile among global investors.
“We are one of the G7s with very big industries. We build cars, planes, ships, we have an abundance of energy, and we are the only one with free trade with all G7,” Champagne said. “With the way the world is changing, you better diversify, supply chain is changing and we need to adapt.”
Prime Minister Carney is expected to meet with senior Qatari officials, including Emir Sheikh Tamim bin Hamad Al Thani, as well as representatives of the Qatar Investment Authority.
His office says the talks will focus on expanding trade access and forging partnerships in artificial intelligence, infrastructure, energy and defence.
The visit comes amid heightened geopolitical tensions in the region, though officials say the schedule remains unchanged.
© 2026 Global News, a division of Corus Entertainment Inc.
Qatar to invest in Canada’s major building projects, Carney says – National TenX News
“Unacceptable’: Allies react to Trump Greenland tariff threats – National TenX News
Canada talks trade with Qatar as Carney touches down in Doha – National TenX News
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