US-China trade talks offer hope
After months of heightened tariff pressure, the US and China appear to be moving towards de-escalation. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer concluded talks with Chinese Vice-Premier He Lifeng in Geneva, calling the discussions “productive” and a sign of “substantial progress”. The talks resulted in an agreement to establish a bilateral mechanism for continued dialogue. Both delegations emphasised shared interests.