US, China Begin Negotiation on Easing Trade War
In a significant diplomatic meeting, China’s Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent convened early Saturday in Geneva, Switzerland, signaling a tentative yet hopeful step towards easing the ongoing trade war that has been straining the global economy. According to reports from China’s state-run news agency and several sources closely linked to the negotiations, this meeting marks a crucial moment amid escalating tensions that have seen tariffs on imports between the two economic powerhouses soaring past 100 percent.
The backdrop of these discussions is a protracted trade dispute that has disrupted supply chains and unsettled financial markets. The cumulative effect of the tariff war has not only impacted China and the United States but has also raised alarms about a potential global recession. President Donald Trump has been vocal about his stance on tariffs, recently suggesting that an 80 percent tariff on Chinese goods "seems right," offering a provocative alternative to the existing 145 percent levies currently imposed on Chinese imports.
As these two nations engage in dialogue, the focus will be on finding a way to alleviate the burdens of these tariffs that have plagued international trade and cooperation. The outcomes of this meeting could play a critical role in stabilizing the economic relationship between the U.S. and China, which remains vital for the global market’s health. Both sides face mounting pressure to find common ground, not just for their own economies, but for countries around the world that have felt the ripple effects of this trade war.
Looking ahead, the world will be watching closely as negotiators work to turn this initial meeting into a framework for ongoing discussions aimed at resolving this complex economic conflict.
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Video “US, China begin negotiation on easing trade war” was uploaded on 05/10/2025 to Youtube Channel Global News