Overview

• US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng lead the high-security negotiations in Geneva, marking the first face-to-face talks since April's tariff hikes.
• President Trump has suggested reducing tariffs on Chinese imports to 80%, but the White House insists on reciprocal concessions from Beijing.
• The US currently imposes tariffs of up to 145% on Chinese goods, with cumulative rates reaching 245%, while China has retaliated with 125% levies on US imports.
• The World Trade Organization and Swiss hosts have framed the talks as a positive step toward easing tensions, though expectations for immediate breakthroughs remain low.
• The discussions are set to continue on Sunday, with both sides treating the talks as exploratory rather than aiming for a comprehensive trade agreement.