America, China started high-day tariff talks in Geneva to reduce the stress of trade war

Senior American and Chinese authorities on Saturday began a stressful conversation in Geneva in a dialect to cool a spiral tariff dispute in Geneva, which endanger the global trade. American Treasury Secretary Scott Besant and trade representative Jaimison Greer are meeting with Chinese Vice Premier, he marks the first direct contact between the two sides as US President Donald Trump increased the tariff on China by 145% last month.The news agency AFP reported that the Chinese state media confirmed the talks behind the closed doors at a prudent place in Geneva, while the convoy carrying the US and Chinese delegations was seen leaving luxury hotels under a tight police escort. According to the news agency Associated Press, the diplomats of the two countries also confirmed the talks but refused to reveal their exact place.Expectations for success are low. However, both Washington and Beijing are under pressure to return the tight-for-tat levy. China has responded to Trump’s tariff hike with its own 125% of its own duties on American imports, in the tricks that have effectively frozen bilateral trade, which was $ 660 billion last year.“D-escation focus is,” Besent said earlier, clarifying that it is not about achieving the “big business deal”. US Commerce Secretary Howard Lutnik told Fox News that Trump “would like to work with China,” while Trump posted on the truth social that “80% tariff seems correct!” Until Scott. “Nevertheless, Trump’s Press Secretary Karolin Lewit stressed that the US would not unilaterally reduce the tariff unilaterally, “China would also need to give concessions,” AFP said.Geneva’s meetings have been overshadowed by tariffs as Trump since returning to the White House in January. At the top of his China tariff, Trump slapped 10% tax on almost all global imports, with 20% and 31% of duties targeting the European Union and Switzerland.According to the AP, Besant and Greece also plan to interact with Swiss president Karin Keller-Sater. Trump temporarily reduced 31% tariffs on Swiss goods by 10%, but they are ready to grow again on Wednesday. The Swiss government, which abolished the industrial tariff in 2023, has warned that anti -repayment measures would harm areas such as watches and chocolate, but said that there is no plan at present.China remains firm in its stance. It has refused to reduce its tariff until America runs before. Beijing insisted that America should raise its levy before discussing any concession. China is the only country to mint Trump’s tariff to a large scale.Chinese policy expert Sun Yun, at Stimson Center, was quoted by AP, this is the first time he is a bessent and he is meeting, “The best landscape is to agrees to de-assign the tariff at the same time for both sides … It may not be just a word.”The roots of conflict return to Trump’s first term, when the US accused China of unfair trade practices, including forced technology transfer and heavy subsidy to technical industries such as quantum computing and autonomous vehicles. The 2020’s “phase a” agreement had reached a temporary Trust, but it collapsed as the Kovid -19 hit and China failed to fulfill its promised American purchases.Bill Rinsch of the Center for Strategic and International Studies said, “The relationship is not good. We have trade-handicapped tariffs in both directions. Relations are deteriorating.”Nevertheless, analysts and officers see Geneva dialogue as a small but important step. “The meeting is a good indication,” Risch said. WTO Director General NGOG Okonzo-Evella called it “a positive and creative step towards de-escation”.Despite mutual enmity, the fact that both sides are ready to talk, being interpreted as a signal neither the side wants to collapse.