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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.
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U.S., China reach trade agreement; details coming Monday

(The Center Square) – Market implications are expected Monday morning worldwide following Sunday’s announcement of a trade agreement between the United States and China.

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Associated Press News broke the news in United States on Friday, May 9, 2025.
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