US and China resumed tariff talks in Geneva, with President Trump claiming "great progress." However, China's official news agency expressed a firmer stance, rejecting proposals compromising core principles. The talks, shrouded in secrecy, aim to de-escalate trade tensions and stabilize global markets disrupted by high tariffs imposed by both nations. While a breakthrough remains uncertain, even a small tariff reduction could boost confidence. The discussions mark the first face-to-face meeting to address the escalating trade war.

Prepared by Christopher Adams and reviewed by editorial team.