💨 Abstract

Chinese Vice Premier He Lipeng and U.S. Treasury Secretary Scott Bessent met in Geneva to address a trade war that has disrupted global supply chains and unsettled financial markets. The U.S. aims to reduce its trade deficit with China and seeks economic reforms. China, however, views U.S. demands as external interference and seeks equal treatment and tariff reductions. The talks, brokered by Switzerland, are seen as a success merely for taking place, with low expectations for immediate breakthroughs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖