US-China Trade Talks in Geneva: A Step Towards Resolution

In Geneva, senior officials from the United States and China are engaged in crucial discussions to de-escalate their ongoing trade conflict. US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng are seeking ways to address soaring tariffs, which currently exceed 145% on Chinese goods and 125% on US products.

While the atmosphere hints at potential compromise, a swift resolution appears unlikely. President Trump has expressed willingness to consider reduced tariffs, suggesting rates around 60% or 80%.

These private talks are seen as a necessary step to ease tensions rather than to finalize a comprehensive trade agreement. The head of the World Trade Organization has welcomed the dialogue, viewing it as a positive move toward stabilizing the global economic landscape.

Amidst these negotiations, China has also lifted sanctions on certain EU members, indicating the broader implications of the trade war. As the situation evolves, the international community watches closely for developments.