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U.S.-China Tariff Talks: High Stakes Discussions Begin in Geneva Amid Tension

U.S. Treasury Secretary and Trade Representative engage Chinese officials in Geneva amid high tariffs and economic pressures.

Overview

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In a critical turn of events, U.S. officials Scott Bessent and Jamieson Greer are meeting with Chinese Vice Premier He Lifeng in Geneva to address escalating tariff disputes. President Trump recently proposed reducing tariffs on China from 145% to 80%, aiming to alleviate trade tensions amidst domestic inflation pressures. The meeting marks a significant opportunity for de-escalation, though outcomes remain uncertain. As of April, U.S.-China trade had plummeted, impacting economies on both sides. Despite doubts from experts regarding the potential for meaningful agreements, some see the discussions as a vital step toward thawing relations.

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How US-China tariffs reached sky-high levels in 3 months
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FAQ

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The U.S. has imposed tariffs totaling 145% on Chinese goods. In response, China has placed 125% tariffs on U.S. goods.

The key officials involved are U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, who are meeting with Chinese Vice Premier He Lifeng.

Trade relations between the U.S. and China are strained due to high tariffs. The U.S.-China trade has plummeted as a result, impacting economies on both sides.

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