#TradeWarEases The US-China trade war might be easing, thanks to high-stakes tariff talks in Geneva. US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng to de-escalate tensions. Both sides aim to scale back tit-for-tat levies, with the US imposing 145% tariffs on Chinese imports and China retaliating with 125% duties on US goods.
*Key Developments:*
- *Talks' Objective*: De-escalation, not a "big trade deal"
- *US Stance*: Won't ease tariffs unilaterally; China must make concessions too
- *China's Stance*: Refuses to lower tariffs unless the US moves first
- *Market Reaction*: Investors hopeful for progress, but wary of volatility
While expectations for a breakthrough are low, analysts view the Geneva dialogue as a critical step toward de-escalation. The talks aim to address grievances beyond trade, including forced technology transfers and subsidies ¹.