US and China Make Progress in Trade Talks Amid High-Tariff Dispute

After months of economic tensions, the United States and China have reached a tentative trade agreement following two days of negotiations in Geneva. This marks the first formal discussion since President Trump imposed 145% tariffs on Chinese imports, prompting Beijing to retaliate with 125% counter-tariffs.

US Treasury Secretary Scott Bessent described the talks as “productive,” while China’s Vice Premier He Lifeng called them “candid”. Though specific details of the agreement remain undisclosed, a joint statement is expected soon.

Markets responded positively to the news, with Chinese stocks gaining and the yuan strengthening. The deal aims to ease trade tensions and reduce the US’s $1.2 trillion trade deficit, but experts remain cautious about the extent of progress.

More details are expected to emerge as officials finalize the agreement. Stay tuned for updates on this developing story.