💨 Abstract

The U.S. and China are set to hold talks in Switzerland to address more than three months of retaliatory tariffs that have significantly impacted both economies. The U.S. has imposed 145% duties on Chinese imports, while China has set 125% tariffs on U.S. goods. President Trump remains optimistic about potential progress, and is open to reducing tariffs if China makes concessions. However, China has insisted on the tariffs' cancellation before talks.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖