US, China Meet To ‘De-Escalate’ Trade War
- Senior US and Chinese officials met in Geneva to discuss de-escalating the ongoing trade war triggered by US tariffs and China’s retaliatory levies.
- The talks between US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng marked the first dialogue since the tariff escalations.
- Trump hinted at the possibility of lowering tariffs, but any reduction would require Chinese concessions and would remain substantial.
- The meeting focused on easing tensions rather than reaching a comprehensive trade deal, amid deteriorating US-China relations and mutual high tariffs.
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