Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent met in Geneva on Saturday to address escalating trade tensions between the US and China, marked by duties exceeding 100% on goods imports. The talks, held at an undisclosed location in the Swiss diplomatic hub, follow disruptions in global supply chains and financial markets, exacerbated by US President Donald Trump’s recent tariffs on multiple countries.
Economic Tensions
The US aims to reduce its trade deficit with China and push for reforms to China’s economic model to boost global consumption. The meeting, a tentative step toward de-escalating the trade war, occurred amid tight security and public preparations for a marathon in Geneva.
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