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US and China Trade Talks Amid Escalating Tariff War

5/10/2025

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Summary

Story summary

US Treasury Secretary Bessent and Chief Trade Negotiator Greer are set to meet China's He Lifeng in Switzerland to tackle rising trade tensions. Following the US's staggering 145% tariffs on Chinese goods, China struck back with 125% tariffs on US imports. This escalating conflict is forcing US companies to rethink orders and postpone investments amid growing economic uncertainty.

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Story summary

US Treasury Secretary Bessent and Chief Trade Negotiator Greer are set to meet China's He Lifeng in Switzerland to tackle rising trade tensions. Following the US's staggering 145% tariffs on Chinese goods, China struck back with 125% tariffs on US imports. This escalating conflict is forcing US companies to rethink orders and postpone investments amid growing economic uncertainty.