US and China Start Geneva Trade Talks Led by Bessent, Greer, and He Lifeng Amid 80% Tariff Proposal

The United States and China have initiated trade talks in Geneva, Switzerland, as part of efforts to address the ongoing global trade war. U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are scheduled to meet with Chinese Vice Premier He Lifeng to discuss trade issues in the coming days. Swiss President Karin Keller-Sutter expressed optimism about the talks, noting that the American side has shown a clear commitment to accelerating the process on tariff negotiations. This commitment was echoed by both U.S. and Swiss officials, indicating a mutual interest in finding a solution to the trade disputes. The talks come at a time when the global economy is facing disruptions due to the trade war, with both nations seeking to de-escalate tensions. U.S. President Donald Trump has suggested an 80% tariff on Chinese goods as an alternative to the current 145% levies. The discussions are seen as a tentative first step towards resolving the trade disputes that have led to tariffs on goods imports between the two countries soaring well beyond 100 percent. The location of the talks has been kept secret, though they are believed to be occurring in a Geneva suburb, with U.S. officials seen wearing red ties and American flags on their lapels.