#TradeWarEases

#TradeWarEases The US and Chinese delegations have begun high-level negotiations in Geneva aimed at easing the trade war between the world's largest economies. The American delegation is led by Treasury Secretary Scott Bessen, while the Chinese delegation is led by He Lifeng. In April, US President Donald Trump raised tariffs on Chinese imports to 145%, and in response, China imposed 125% tariffs on American goods - essentially, this means a mutual boycott of bilateral trade, the volume of which last year amounted to over 660 billion dollars.