#TradeWarEases The US-China trade war has seen some developments recently. Here's what's been happening:

- *Tariff Escalation*: The US imposed a 145% tariff on Chinese goods, while China responded with a 125% tariff on American goods. This is expected to cause a 0.2% loss of global merchandise trade.

- *Exclusions and Negotiations*: Both countries have excluded certain items from their tariff lists and continue to try to find a resolution. Senior officials from the US and China are set to start talks over trade conflicts in Switzerland.

- *Economic Impact*: The trade war has had negative effects on both countries, including higher costs for manufacturers, financial difficulties for farmers, and economic damage in other countries. The US trade deficit with China has not improved, and the conflict has contributed to a slowdown in China's economic growth.

- *Recent Moves*: China has increased non-tariff trade barriers to block US imports, while the US has imposed restrictions on China's access to advanced US technologies, including AI chips and chipmaking tools.

Some key events to watch for include:

- *Upcoming Talks*: US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will attend talks with China's Director of the CCP Central Financial and Economic Affairs Commission Office, He Lifeng.

- *Tariff Adjustments*: Trump has stated that tariffs on Chinese imports will "come down substantially" but won't be zero.