US, China to Hold Crucial Trade Talks in Switzerland | JQJO

High-level US and Chinese officials will meet in Switzerland this weekend for the first major talks since the start of the US-China trade war. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with their Chinese counterparts in Geneva to discuss the escalating tariffs, which have significantly impacted both economies. While the US aims for fair trade, China insists on not compromising its principles. Economists warn of rising consumer prices and the growing risk of recession due to the trade war. The meeting is considered an important step towards de-escalation, although immediate breakthroughs are not expected.