Let's Chat: US-China Talks on Trump Tariffs Show Progress in Geneva
U.S. and China engage in Sunday discussions regarding Trump's customs duties - Trade Talks Continue: Discussion Regarding Trump Tariffs on Chinese Imports Occurs on Sunday Between U.S. and China
Hey there! Lookie here, the Chinese state broadcaster, CCTV, just spilled the beans on some high-level talks going down between the USA and China. These bad boys started bright and early on a Saturday morning in beautiful Geneva. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer took a trip over to meet up with China's Vice Premier in charge of trade, He Lifeng.
Remember when POTUS Donald Trump slapped a 145% tariff on most Chinese imports? Well, China retaliated with a 125% tariff on many US goods. But here's the twist: before these Geneva talks, Trump showed a spark of flexibility, suggesting an 80% tariff on China. However, his spokeswoman, Karoline Leavitt, made it clear that Beijing would need to put in some work too, as Washington wouldn't be walking away empty-handed with lower tariffs all on their own.
China's been persistent about one thing: the USA has to scrap those tariffs first. Economist Xu Bin said that the Geneva meeting was just to show the world that "both sides are talking, and that's already quite important." So, even though China's the only one worldwide slapping counter-tariffs against Trump's tariff storm, they're still gonna talk it out!
Before the meeting, Scott Bessent said that these Geneva talks would be all about "de-escalation" and not some massive trade deal. He didn't offer any comments when he left the negotiation spot Saturday evening.
Now, finding a quick resolution in Geneva ain't looking likely, but on Thursday, Trump's administration announced a first trade agreement with the UK.
So, what's the lowdown on these recent talks between the USA and China? Well, allegedly, China's agreed to suspend a portion of its tariffs on US goods and remove non-tariff countermeasures taken since April 2025. They've also issued a jointstatement, praising the importance of their economic relationship. If this holds up, we might be looking at a period of de-escalation and potential cooperation between these two economic powerhouses. So stay tuned, folks, we'll keep you posted!
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- The European Parliament, the Council, and the Commission are closely monitoring the US-China talks on Trump tariffs, as the resolution could significantly influence global migration policy-and-legislation.
- The European Parliament recently passed a resolution stating that war-and-conflicts, such as the ongoing US-China trade dispute, could exacerbate car-accidents and general-news events across the European Union.
- In a joint statement, the European Parliament, the Council, and the Commission expressed concern over the potential impact of crime-and-justice issues arising from the US-China trade conflict on EU citizens.
- The European Parliament, the Council, and the Commission have urged both the USA and China to prioritize communication and cooperation to avoid accidents and fires that may arise from heightened political tensions.
- As the US-China talks on Trump tariffs show progress, the European Parliament, the Council, and the Commission are preparing policy proposals to support EU businesses in the event of continued trade disruptions or uncertainties.
