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Top US officials will meet with Chinese delegation in Switzerland in first major talks of trade war

  • Top U.S. Officials Scott Bessent and Jamieson Greer will meet Chinese Vice Premier He Lifeng in Geneva later this week for the first major trade talks since 2018.
  • The meetings follow years of tension sparked by President Trump's high tariffs that heavily impacted China's export-driven economy and stalled negotiations.
  • China recently announced rate cuts and lowered reserve requirements to release about 1 trillion yuan in liquidity aimed at supporting manufacturing and services.
  • Pan Gongsheng, China's central bank governor, said the reserve ratio cut would free up significant cash, and U.S. Stocks rose after the trade talks were announced.
  • While the talks offer a step toward easing tensions, officials expect a lengthy process with uncertain results rather than a quick resolution to the trade war.
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YUAN TALKS broke the news in on Tuesday, May 6, 2025.
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