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US-China tariff talks to resume in Geneva after secret marathon meeting

Beijing, China
May 10, 2025 0 Neutral General
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US-China tariff talks to resume in Geneva after secret marathon meeting
High-level talks between U.S. and Chinese officials in Geneva ran nearly 10 hours on Saturday, seeking ways to reduce record tariffs that have stalled over $660 billion in annual trade. Negotiators, led by U.S. Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng, agreed to continue discussions the next day. While no concrete breakthroughs emerged publicly, the fact that both sides spoke for so long behind closed doors is seen as a sign of cautious optimism.
What this means for you:
• If you’re importing or exporting between the U.S. and China, keep monitoring tariff adjustments that can affect prices on everyday goods.
• Consider diversifying your supply chain to reduce risks from changing trade policies.
• Watch official announcements: partial tariff rollbacks could lower consumer costs on items like electronics and household goods.

Key Entities

  • • U.S. Treasury Secretary Scott Bessent: Senior official overseeing financial and economic policies, tasked with spearheading trade negotiations.
  • • Chinese Vice Premier He Lifeng: High-ranking member of China’s State Council, central to economic and trade affairs.
  • • Geneva (Switzerland): A neutral venue often used for diplomatic and trade discussions among major global powers.

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