High-Stakes Geneva Talks: U.S. and China Seek Trade War De-escalation
Key figures from the U.S. and China are set to hold discussions in Switzerland to potentially de-escalate an ongoing trade war that has disrupted global commerce. The talks, involving tariff reductions and trade agreements, could signal a shift towards resolution amidst economic strains.
In a bid to ease mounting trade tensions, the United States and China are preparing for a crucial meeting this weekend in Switzerland. U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will engage in discussions with China's top economic official, He Lifeng.
The meeting, aimed at negotiating tariff reductions between the world's leading economies, comes after U.S. President Donald Trump's wide-ranging tariff impositions. These tariffs have unsettled global markets, with tariffs on goods imports between the U.S. and China soaring over 100%.
According to sources, the Geneva discussions will also address U.S. export controls and Trump's decision to eliminate low-value import exemptions. The outcome of these talks could significantly impact global economic outlooks and trade dynamics.
(With inputs from agencies.)
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