💨 Abstract

Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Janet Yellen met in Geneva to address escalating trade tensions, which have disrupted global supply chains and financial markets. The U.S. seeks to reduce its trade deficit with China and change its economic model, while China demands lower tariffs and equal treatment. Despite low expectations for a breakthrough, both sides aim to avoid appearing weak.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖