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US and Chinese trade officials will meet in Geneva this week for the first in-person talks since March's tariff escalation. While a trade deal isn't expected immediately, the talks aim to de-escalate the damaging trade war. High tariffs have already significantly impacted both economies, causing reduced trade and economic contractions. The meeting is seen as a crucial step towards easing tensions, although a full resolution could take years. Markets reacted positively to the news of the talks, with Dow futures rising.

Prepared by Christopher Adams and reviewed by editorial team.