Overview

• Senior US and Chinese officials, led by Treasury Secretary Scott Bessent and Vice Premier He Lifeng, met in Geneva for over 10 hours on Saturday, with talks set to resume Sunday.
• The discussions mark the first face-to-face meetings since the US imposed 145% tariffs on Chinese goods and China retaliated with 125% levies, effectively halting bilateral trade.
• President Trump suggested reducing tariffs to 80% but clarified that any reductions would require reciprocal concessions from Beijing.
• The Geneva talks, held at the Swiss ambassador's villa, are focused on easing tensions rather than negotiating a comprehensive trade agreement.
• Economic analysts remain skeptical of immediate breakthroughs, though the World Trade Organization welcomed the talks as a constructive step toward resolving trade tensions.