Overview

• Senior U.S. and Chinese officials, including Treasury Secretary Scott Bessent and Vice Premier He Lifeng, have commenced two days of trade discussions in Geneva.
• The talks aim to temporarily suspend or reduce tariffs, with U.S. duties on Chinese goods at 145% and China's retaliatory tariffs at 125%, halting most bilateral trade.
• President Donald Trump has suggested lowering U.S. tariffs on Chinese imports to 80%, though no formal decision has been announced.
• WTO Director-General Ngozi Okonjo-Iweala described the negotiations as a constructive step toward easing tensions between the world's two largest economies.
• Analysts anticipate potential symbolic or provisional agreements, such as a temporary freeze on tariffs, though fundamental trade disputes remain unresolved.