U.S. and Chinese officials initiated crucial trade discussions in Geneva, marking their first direct interactions since President Trump's imposition of steep tariffs. Treasury Secretary Scott Bessent leads the U.S. delegation, seeking to address the economic disruptions caused by the ongoing trade war. With recent market fluctuations and billions in import disruption as context, these talks represent a pivotal moment for both nations. Swiss President Karin Keller-Sutter expressed hope for improved dialogue and trade relations during this critical time, as other nations, like the UK, navigate their separate agreements with the U.S.
The meetings in Geneva mark the first significant face-to-face trade-related conversations between the U.S. and China since the Trump administration imposed new tariffs of 145% on Chinese goods, highlighting efforts to resolve ongoing trade tensions.
Treasury Secretary Scott Bessent emphasized that China has been the âmissing pieceâ in trade discussions, and these Geneva talks offer a potential opening for dialogue to end a damaging trade war.
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