China promises to stand for fairness during trade talks with America this weekend. Both countries will meet for the first time since Trump added heavy taxes on Chinese goods. The US slapped 145% fees on items from China after Trump returned to office, and China hit back with 125% charges on American imports.
Treasury leader Scott Bessent said talks aim to cool things down, not make a complete deal right away. Chinese Vice Premier He Lifeng will travel to Geneva, where Swiss officials will welcome the meeting. China warns America must admit these tariffs hurt everyone. Beijing officials say they will never agree if the US tries tricks during talks.
The high taxes shocked money markets worldwide. Trade between the countries dropped fast because few could afford such steep costs—Bessent calls current rates almost like banning trade completely. America wants fair business, not cutting ties with China altogether. Both sides need each other despite the tough words.
Treasury leader Scott Bessent said talks aim to cool things down, not make a complete deal right away. Chinese Vice Premier He Lifeng will travel to Geneva, where Swiss officials will welcome the meeting. China warns America must admit these tariffs hurt everyone. Beijing officials say they will never agree if the US tries tricks during talks.
The high taxes shocked money markets worldwide. Trade between the countries dropped fast because few could afford such steep costs—Bessent calls current rates almost like banning trade completely. America wants fair business, not cutting ties with China altogether. Both sides need each other despite the tough words.
