💨 Abstract

Chinese Vice Premier He Lifeng and U.S. Treasury Secretary met in Geneva in a tentative effort to ease trade tensions. High tariffs between the world's largest economies have disrupted supply chains and unsettled markets. The U.S. seeks to reduce its trade deficit and convince China to alter its economic model, while China wants lower tariffs and equal treatment. Both sides have low expectations for a breakthrough, but the talks are seen as a positive step. They may continue into the following days.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖