US, China Hold High-Stakes Trade Talks in Geneva Amid Tariff Disputes

High-level trade talks between the United States and China commenced in Geneva as both countries aim to ease their escalating trade war that has significantly disrupted global markets and supply chains. Led by Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent, the negotiations come after the U.S. imposed tariffs as high as 145% on Chinese imports, with China retaliating with tariffs up to 125% on American goods. President Trump suggested lowering U.S. tariffs to 80%, signaling a potential shift, though White House officials emphasized no final decisions had been made. Despite the secrecy surrounding the meetings and low expectations for immediate breakthroughs, the talks represent a cautious attempt to resolve deep-rooted tensions and stabilize economic relations. Both sides face challenges, including demands for China to open its markets and the U.S. seeking structural changes in China's economic practices, while managing domestic political pressures. The ongoing dialogue, supported by Swiss diplomatic facilitation, is closely watched as it holds significant implications for global economic stability and inflation concerns in the U.S.