Overview

• President Trump has proposed reducing U.S. tariffs on Chinese imports from 145% to 80% in an effort to de-escalate the trade war.
• Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are scheduled to meet with senior Chinese officials in Geneva this weekend.
• This marks the first significant face-to-face negotiations between the U.S. and China since the trade conflict intensified in early April.
• The tariff reductions are being floated as a response to mounting concerns over market disruptions, rising consumer goods prices, and strained supply chains.
• China, the world's largest exporter, has yet to confirm its participation in the Geneva talks, as retaliatory tariffs on U.S. goods remain at 125%.