US and China Initiate Trade Talks to Address Tariff Disputes
The US and China are initiating high-level talks in Geneva to address trade tensions. Key participants include US Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and China's Vice-Premier He Lifeng. This marks the first formal discussions since the start of the trade war.
- Talks aim to de-escalate tensions, not finalize a trade agreement.
- US imposed 145% tariffs on Chinese goods; China retaliated with 125% tariffs on American products.
- Beijing agreed to talks after hints of potential US tariff relief.
- Key issues like fentanyl exports and future tariffs remain unresolved.
- Financial markets are closely monitoring developments, with Bitcoin trading at $96,958.84, up 2.76% in 24 hours.