'Need to de-escalate': US, China to hold trade talks amid tariff war

The United States and China are all set to hold trade negotiations this week as they would try to deescalate a trade war between the two largest economies of the world. President Donald Trump led officials, including US Treasury Secretary Scott Bessent and US Trade Representative (USTR) Jamieson Greer, would lead the talks along with Chinese Vice Premier He Lifeng in Geneva, Switzerland, their respective offices said. Since President Trump returned to the White House in January, he has imposed a massive 145% tariff as import taxes on Chinese goods, while the Chinese government hit back with the levies on…