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US-China Pursue Geneva Talks on Easing Trade War
Financial Express Hyderabad
|May 11, 2025
CHINESE VICE PREMIER He Lifeng held talks with US Treasury Secretary Scott Bessent on Saturday in a tentative first step towards defusing a trade war that is disrupting the global economy.
Bessent and He were meeting in Geneva after weeks of growing tensions in which duties on goods imports between the world's two largest economies have soared far beyond 100%.
The talks were still under way late on Saturday afternoon and were widely expected to continue on Sunday.
The trade dispute, combined with US President Donald Trump's decision last month to impose duties on dozens of other countries, has disrupted supply chains, unsettled financial markets and stoked fears of a sharp global downturn.
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