Beijing, US meet for 2nd day of talks

Top economic officials from the United States and China met yesterday in Geneva for their second day of high-stakes negotiations aimed at easing tensions stemming from President Donald Trump's trade war.

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The talks carry major implications for the global economy, which has been shaken by the tit-for-tat tariffs imposed by the United States and China in recent months. President Trump has implemented a minimum tariff of 145% on all Chinese imports, while China has responded with a 125% import tax on American goods.

These punitive levies are already disrupting global supply chains. US companies are scrambling to source products from countries other than China, while Chinese manufacturers are seeking ways around the US tariffs and increasing exports to Southeast Asia. At the same time, many American businesses are weighing how much they can raise prices to offset rising costs.

Economists have warned that the trade dispute may slow global growth and fuel inflation, potentially tipping the US economy into recession. Mounting economic concerns have pressured President Trump to seek a deal with Beijing.