US-China tariff talks progress, positive results, easing trade war tensions, details to be revealed today
US Treasury Secretary Scott Bessent said talks between the US delegation and the Chinese vice premier's delegation in Geneva, Switzerland, on trade have made tangible progress, with further details to be provided today (May 12, 2025).
The move comes after the two sides met on Saturday, the first high-level meeting since President Donald Trump announced tariffs in January, prompting retaliation from China, which eventually led to US tariffs on Chinese goods reaching as high as 145 percent, while China has imposed tariffs on some US goods as high as 125 percent, sparking economic turmoil around the world. สล็อต