US-China Trade Talks Open Amid High Tariff Tensions

News Snapshot:

In a bid to ease economic tensions, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer have commenced talks in Geneva with Chinese delegates headed by Vice Premier He Lifeng. The discussions aim to mitigate the impact of trade tariffs between the United States and China, the world's largest economies. The trade dispute has seen US President Donald Trump escalating tariffs on China, which retaliated with its own levies. The increased duties have effectively led to a standoff, disrupting a trade valued at over $660 billion last year. Trump has suggested potential tariff reductions, although expectations of a major...