#TradeWarEases The US-China trade war appears to be easing as high-stakes tariff talks between the two nations commenced in Geneva. Senior American officials, including Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, met with Chinese Vice Premier He Lifeng to discuss de-escalating the trade tensions.

Key developments from the talks include ¹ ²:

- *De-escalation agreement*: Both sides have agreed to establish an economic and trade consultation mechanism to maintain communication on their respective concerns.

- *Tariff reduction*: US President Donald Trump hinted at lowering tariffs on Chinese goods, suggesting an 80% tariff "seems right," down from the current 145%.

- *Mutual understanding*: Chinese Vice Premier He Lifeng emphasized the need for equal dialogue and consultation to find proper solutions to trade problems and expand cooperation.

- *Next steps*: The details of the new trade deal are expected to be announced, with both sides aiming to ease the "damaging" tariff war.

While expectations for a breakthrough are cautious, analysts view the Geneva dialogue as a small but critical step toward de-escalation. The talks aim to address the escalating trade war, which has threatened global trade and pushed import duties above 100% between the two largest economies chef Aijaz