US and Chinese officials start Geneva talks on easing trade war
- On May 10, 2025, U.S. Representatives such as Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer held discussions in Geneva with their Chinese counterparts to address the persistent trade disputes and tariff issues between the two nations.
- The meeting followed a trade war sparked by U.S. Tariff increases to a combined 145% on Chinese imports in April 2025 and China's retaliatory 125% tariffs on U.S. Goods, with both sides maintaining high economic and political stakes.
- Negotiations lasted over ten hours with plans to resume on Sunday as officials aimed to ease tariffs amid sharply falling trade volumes and economic pressures on both nations.
- President Trump suggested lowering U.S. Tariffs on China to 80%, posting "80% Tariff seems right!" on Truth Social, though several economists remained skeptical about significant breakthroughs from the talks.
- The discussions indicate a possible tariff reduction to help stabilize global markets, but major concessions and a broad trade agreement remain uncertain amid complex economic and political challenges.
420 Articles
420 Articles
Trump administration reveals bombshell trade deal with China
The Trump administration announced a significant trade deal with China, marking a potential turning point in the ongoing trade war that has disrupted global markets. The agreement, finalized after two days of negotiations in Switzerland, comes just weeks after President Donald Trump imposed sweeping tariffs that sent shockwaves through the world economy. The trade deal […]
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