China US hold talks on tariffs in their first formal meeting since tensions escalated. Chinese Vice Premier He Lifeng met US Treasury Secretary Scott Bessent on Saturday in Geneva, Switzerland. The talks lasted two hours. Afterwards, both delegations headed to a planned luncheon.
This meeting comes after the US imposed a steep 145% tariff on Chinese goods. In response, China slapped a 125% duty on US imports. As a result, markets around the world have grown jittery.
Cautious Optimism Amid Deep Distrust
So far, neither side has shown a willingness to back down. While US President Donald Trump hinted at a possible reduction in tariffs to 80%, he added that China must offer concessions first. His press secretary, Karoline Leavitt, made it clear: the US will not act alone.
China has strongly opposed the US stance. It accuses Washington of bullying and says its own trade policies remain unchanged. Furthermore, it argues that Trump’s accusations over fentanyl exports are a distraction.
Despite the heated rhetoric, experts believe both nations recognize the risk of continued escalation. According to analysts, even a small agreement could help calm global markets. Nevertheless, they warn that real progress will require trust—something that remains in short supply.
Talks Begin, but Challenges Remain
Although no major announcements followed the talks, Switzerland’s Economy Minister Guy Parmelin said that hosting both sides was already a success. Additionally, he expressed hope that the talks would lead to a roadmap for de-escalation.
A diplomatic source confirmed that the meeting was private and sensitive. For that reason, no joint statement was issued. Still, the decision to meet reflects growing pressure from global powers urging dialogue.
In conclusion, China US hold talks on tariffs is a cautious first step. While expectations are low, the world watches closely for signs of progress in resolving this high-stakes dispute.
