Trade Tensions Rise with Proposed 80% Tariffs on Chinese Goods
U.S. President Donald Trump proposed 80% tariffs on Chinese goods, indicating ongoing trade tensions. Talks in Switzerland between U.S. and Chinese officials are aimed at resolving these disputes. Both countries have imposed substantial tariffs, affecting a range of products and industries.
In a bold move, U.S. President Donald Trump announced a proposal for 80% tariffs on Chinese goods as talks between the two economic giants gear up this weekend.
The U.S. contingent, including Treasury Secretary Scott Bessent and trade negotiator Jamieson Greer, will engage with China's economy chief He Lifeng in Switzerland, suggesting a potential path to resolving trade disagreements.
The possible tariff escalation comes amid retaliatory measures from China, raising stakes in the global trade war. The Geneva meeting represents a crucial opportunity to ease trade tensions.
(With inputs from agencies.)
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