US and Chinese officials start Geneva talks on easing trade war
- US and Chinese officials met in Geneva on May 10-11, 2025, for the first talks since the trade war began last month.
- The talks followed tariff increases by the US on April 2, which China retaliated against, escalating a trade war sparked by Trump's policies.
- The negotiations between the U.S. Delegation, led by Treasury Secretary Scott Bessent, and the Chinese team headed by Vice Premier He Lifeng, continued for more than 10 hours without any significant breakthroughs announced.
- Trump described the meeting as "great progress" and raised the possibility of reducing tariffs on China to 80%, while trade between both countries has sharply declined.
- Although the meeting raised hopes of easing tensions, experts doubt any substantive results will emerge, as deep economic and political challenges remain unresolved.
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Sunday Talks - NEC Director Kevin Hassett Outlines Background of U.S-China Negotiations in Geneva - The Last Refuge
White House National Economic Council Director Kevin Hassett always does a good job of framing the current status without impeding the negotiating strategy of the White House trade delegation. In this morning’s interview, happy Hassett outlines the motivation for China to quickly get to an agreement on principle about their U.S. trade position, and the […] The post Sunday Talks – NEC Director Kevin Hassett Outlines Background of U.S-China Negoti…
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Leaning Left58Leaning Right60Center129Last UpdatedBias Distribution52% Center
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R 24%
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