#USChinaTradeTalks The US-China trade talks have seen some developments recently. Here's what's happening :

Trade Talks Resume: The US and China have resumed trade talks, with both nations navigating economic pressures and shifting global alliances. A recent call between Trump and he has sparked optimism about potential progress in the talks.

Tariff Discussions: The US has approached China seeking talks on Trump's 145% tariffs, with China potentially softening its stance on negotiations. Both sides have expressed hope for progress in easing trade tensions.

Key Issues: Unresolved issues include existing bilateral tariffs, non-tariff barriers, and exchange rates. The US is also seeking to revisit China's failure to meet purchase commitments for American goods made under the 2020 "Phase 1" trade deal.

Potential Outcomes: Analysts predict that US tariffs on China will likely stay around current levels, with exemptions considered to mitigate business impact. A comprehensive deal might take time, and the current truce might be extended to allow for continued negotiations.

Some experts believe that

Limited Room for Tariff Hikes: There's limited room for further tariff hikes from current levels in 2025, given the caution shown by both sides in the past.

GDP Growth Forecast: China's GDP growth forecast remains at 4.8%, with existing stimulus packages likely to offset the tariff impact.