Trade talks between the United States and China have commenced in Geneva, marking the first discussions since the escalation of global tariff disputes. China has described these talks as an "important step" towards resolving trade issues.
The US delegation includes Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer. China is represented by Vice Premier He Lifeng. Discussions began in Switzerland, with the Director-General of the World Trade Organization (WTO) noting that these discussions are a positive step.
President Trump has suggested reducing tariffs on Chinese goods by 80%, a move seen as largely symbolic. While this reduction may alleviate some tensions, experts caution that fundamental disagreements remain. The outcome of these discussions could significantly impact international trade and tax strategies for businesses operating in both countries.