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US and Chinese officials start Geneva talks on easing trade war

  • U.S. And Chinese officials met in Geneva on May 10, 2025, to discuss easing the trade war between the two countries.
  • The trade war began after the U.S. Raised tariffs on China and other partners on April 2, 2024, prompting China to retaliate with its own tariffs.
  • The meeting lasted over 10 hours with U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer engaging Chinese Vice Premier He Lifeng in talks seen as preliminary and cautious.
  • The combined U.S. Tariff on Chinese imports reached 145%, while China imposed a 125% levy on U.S. Goods, significantly disrupting trade valued at over $660 billion last year.
  • While no major breakthrough occurred, officials indicated talks would continue, raising hopes for a cooling-off period and potential tariff reductions to ease global economic tensions.
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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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