US and China Hold High-Stakes Trade Talks in Geneva to Ease Global Economic Tensions

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.

Business News

Staff Writer

Recent Posts

Malaysian Banks Seen Resilient Against Energy Price Shocks

Strong fundamentals support resilience in the banking sector.

20 hours ago

Succession Planning Key to Sustaining Family Businesses

Structured transitions help ensure long-term stability.

22 hours ago

Greatech Seen Poised for Earnings Upgrades Amid Record Order Book


Analysts see upside for Greatech as record orders, data centre demand and improving execution support…

1 day ago

Mitrajaya Outlook Supported By Data Centre Exposure, Strong Order Book

Mitrajaya’s earnings outlook remains positive, supported by stronger revenue recognition, data centre projects and steady…

1 day ago

US-Iran Talks Lift Sentiment Despite Lingering Market Caution

Improving US-Iran negotiations and easing oil prices lifted global sentiment, while investors stayed cautious ahead…

1 day ago

Vietnam’s Rising Influence in ASEAN Takes Centre Stage at the Shangri-La Dialogue

Vietnam's General Secretary To Lam will visit Thailand, Singapore, and the Philippines from May 27…

2 days ago

This website uses cookies.