Wed May 07 17:46:21 UTC 2025: ## US and China to Hold Trade Talks Amidst Crushing Tariffs
**Geneva, Switzerland** – High-level trade talks between the United States and China are set to begin this weekend in Geneva, Switzerland, amidst a backdrop of crippling tariffs imposed by both nations. The talks, requested by the US, will see Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer meet with Chinese Vice Premier He Lifeng on May 10th and 11th.
The current trade war stems from tariffs totaling 145% on Chinese goods imposed by the Trump administration since January 2025, met with retaliatory 125% levies on US imports by China. Both sides have implemented additional sector-specific measures, creating a climate of trade uncertainty.
While US officials express a desire for “de-escalation” and fair trade, China has vowed to “defend justice” and maintain its principles, emphasizing that the US must first lift its tariffs. A spokesperson for the Chinese Commerce Ministry stated that any meaningful negotiations must be based on equality and mutual respect, rejecting any form of coercion. The high tariffs have severely impacted bilateral trade, prompting concerns about a potential decoupling of the two economies. The upcoming talks aim to lay the groundwork for future negotiations, although a comprehensive trade deal is not anticipated immediately.
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