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Key Points: The event marks a direct meeting between He Lifeng and Scott Bessent, focusing on trade tensions. Talks aim for potential de-escalation between the two economic powers. Trade tensions have significantly impacted global financial markets. He Lifeng and US Treasury Secretary Scott Bessent began trade discussions in Geneva on May 10, 2025, aiming to address economic tensions between the two nations. The talks come amid heightened trade conflicts, influencing global financial markets and impacting U.S.-China trade extensively. US-China Trade Negotiations at Geneva: Focus on Tariffs High-level trade discussions between China and the United States commenced in Geneva, Ireland, with He Lifeng leading the Chinese delegation and Scott Bessent co-leading the US team. Significant tariffs imposed by both nations have led to notable trade disruptions, with retaliation measures in place. Articulating high tensions, Scott Bessent highlighted a need for attainment of de-escalation as a primary objective. The talks represent an opportunity to explore economic cooperation under the shadow of existing tariffs, affecting the trans-Pacific trade relationship which achieved nearly $660 billion last year. Both nations’ actions show persistence in holding their economic positions, with tariffs remaining a core challenge. Initial signals of flexibility emerged, as US President Trump mentioned potential tariff adjustments, although no immediate changes are anticipated. The intention is to establish a dialogue to ease tensions, rather than concluding significant agreements. “On Saturday and Sunday, we’ll agree what we’re gonna talk about. My sense is this will be about de-escalation, not about the big trade deal, but we’ve got to de-escalate before we can move forward.” — Scott Bessent, U.S. Treasury Secretary (Economic Times) Impact of Trade Talks on Tech Markets and Bitcoin Valuations Did you know? In 2024, trade exchanges between the US and China showed a growth of 8%, illustrating fluctuation amidst ongoing trade frictions, further…

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Filed under: News - @ May 10, 2025 9:25 am