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  • Senior US-China officials meet in Geneva to ‘de-escalate’ trade war.
    Posted on May 11th, 2025 in Exam Details (QP Included)

    • US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer met with Chinese Vice-Premier He Lifeng in Geneva to deescalate a trade war sparked by President Donald Trump’s tariff roll-out and Beijing’s retaliation.

    • The talks began mid-morning and were due to continue on Sunday at the Swiss Ambassador to the United Nations’ residence in Geneva.

    • Trump’s tariffs on China currently total 145%, with cumulative U.S. duties on some Chinese goods reaching 245%.

    • China imposed 125% levies on U.S. goods, cementing a near trade embargo.

    • Trump suggested lowering the high tariffs on Chinese imports, but the U.S. would not lower tariffs unilaterally, and China would need to make concessions.

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