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US and Chinese officials start Geneva talks on easing trade war

  • Senior U.S. And Chinese officials met face-to-face in Geneva on May 10, 2025, to discuss easing the ongoing trade war.
  • The talks followed recent tariff escalations, with the U.S. Imposing rates up to 145% and China retaliating with 125%, prompting calls for de-escalation.
  • Both sides indicated a focus on reducing tariffs, addressing non-trade issues like fentanyl, technology restrictions, and improving investment and market access.
  • U.S. Treasury Secretary Scott Bessent emphasized the need to ease tensions before any progress can be made, while analysts anticipate no immediate major agreement or breakthrough.
  • Though no deal is expected, the meetings mark a symbolic step to stabilize U.S.-China economic relations and could reopen formal negotiation channels.
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Quartz broke the news in United States on Friday, May 9, 2025.
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