China, tariffs
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Xi Jinping’s defiance against Donald Trump pays off with the dramatic tariffs reduction. Bloomberg reporters answer your questions on what lies ahead.
French finance minister Eric Lombard said on Thursday that talks with Chinese Vice Premier He Lifeng did not yield a solution to a trade dispute with China involving Cognac, though he added that the door remained open for further discussions.
Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.
U.S. and Chinese officials are set to meet in Switzerland to discuss potentially de-escalating the trade spat that has resulted in high tariffs for each country.
The de-escalation provides both sides with breathing space to find a way to preserve trading ties that were threatening to grind to a halt.
The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.
Treasury Secretary Scott Bessent said the details would be announced on Monday after two days of negotiations in Geneva.
High-level talks between the United States and China have begun in Geneva, Switzerland, Chinese state media reported on Saturday, in a possible thaw in the trade war sparked by President Donald Trump’s massive tariffs.
U.S. Trade Representative Jamieson Greer said the U.S. is holding concurrent trade talks with China and other countries. "All of this is happening in parallel, and we are happy to move as quickly as other parties are willing to move,
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