US, China hail 'constructive' Geneva trade talks
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Chinese Vice Premier He Lipeng began talks with U.S. Treasury Secretary Scott Bessent early on Saturday in Geneva in a tentative first step towards defusing a trade war that is disrupting the global economy,
High-level talks between the United States and China have begun in Geneva, Switzerland, Chinese state media reported on Saturday, in a possible thaw in the trade war sparked by President Donald ...
David Li from Tsinghua University says the trade truce announced by the U.S. and China suggests that Trump's tariffs plans are "much for nothing" and global trade for Chinese businesses will evolve into 3 hubs going forward.
Geneva: China and the United States both applauded the progress made during their trade talks in Geneva over the past weekend in a bid to de-escalate the tensions triggered by the US trade wars.
The de-escalation provides both sides with breathing space to find a way to preserve trading ties that were threatening to grind to a halt.
Switzerland has moved to the front of the queue for a trade deal with the United States, U.S. Treasury Secretary Scott Bessent said on Monday, after the Alpine country hosted surprisingly successful U.
The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
The talks in Switzerland resulted in significant cuts to the tit-for-tat tariffs that had been stacked up since January on both sides. The US will lower those tariffs from 145% to 30%, while China's retaliatory tariffs on US goods will drop to 10% from 125%.
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