Senior officials from the US and China met in Geneva, marking an initial effort to resolve their ongoing trade conflict that has heavily impacted the global economy. The talks involved High-level representatives such as China's Vice Premier He Lifeng and US Treasury Secretary Scott Bessent, amid rising tensions that have resulted in soaring tariffs on both sides. Recent duties, including a proposed 80% tariff, have raised concerns about a looming worldwide economic downturn, highlighting the urgency of these discussions and China's demand for the US to lift tariffs first.
In Geneva, US and Chinese officials have taken a tentative first step toward easing a trade war that has severely disrupted the global economy.
Trade tensions have resulted in unprecedented duty increases, with tariffs on some goods exceeding 245%, contributing to significant supply chain disruptions.
Collection
[
|
...
]