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US and Chinese officials start Geneva talks on easing trade war

  • On May 10, 2025, a delegation from the United States, featuring Treasury Secretary Scott Bessent, convened with Chinese representatives led by Vice Premier He Lifeng in Geneva for an extensive day of discussions aimed at reducing trade war tensions.
  • The talks followed a trade war triggered a month earlier when President Trump raised tariffs on Chinese imports to 145%, prompting China to retaliate with a 125% tariff on U.S. Goods.
  • The meeting aimed to open dialogue after years of disputes over trade imbalances, intellectual property, technology transfers, and China's economic policies amid global economic challenges.
  • President Trump said "80% Tariff seems right!" and reported "great progress made," but no major breakthrough was announced as talks will resume Sunday after over 10 hours of discussion.
  • The talks signal a possible thaw that could reduce tariffs, stabilize global markets, and prompt cautious optimism despite skepticism about achieving a substantial trade deal soon.
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Associated Press News broke the news in United States on Friday, May 9, 2025.
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