#USChinaTradeTalks US-China Trade Talks: A Step Towards Resolution

The US and China have been engaged in high-stakes trade talks, with the most recent round of negotiations taking place in Geneva on May 10-11, 2025. The talks aim to address the escalating trade tensions between the two nations, marked by high tariffs and non-tariff barriers.

*Key Issues:*

- *Tariff Escalation*: The US has imposed 145% tariffs on Chinese imports, while China has retaliated with 125% tariffs, effectively halting nearly $600 billion in annual bilateral trade.

- *Trade Deficit*: The US seeks to reduce its $295 billion goods trade deficit with China.

- *Market Access*: China wants lower tariffs and equal treatment on the world stage.

*Progress and Prospects:*

- The US and China have reported substantial progress in trade talks, with a potential 90-day tariff truce and discussions on deeper structural disputes.

- Further talks are scheduled in London on June 9, 2025, to extend the tariff truce and tackle structural issues ¹ ² ³.