US, China Negotiate Trade Recovery Amid Tariff Fallout
Washington and Beijing have launched new trade negotiations to repair relations strained by a years-long tariff war that caused record declines in bilateral commerce, according to a report. The talks come as both nations seek to stabilize markets and industries disrupted by the ongoing trade conflict.
The U.S.-China trade war, which began in 2018, imposed reciprocal tariffs on hundreds of billions of dollars in goods, leading to a 35% drop in bilateral trade volumes by 2023. Recent discussions focus on reducing trade barriers and establishing clearer regulatory frameworks, though no immediate resolution is expected, as reported in a recent report.
Commerce officials from both countries met in Geneva this week, marking the first in-person talks since 2022. While specific terms remain undisclosed, sources indicate discussions include technology transfer policies, agricultural trade, and supply chain adjustments. The negotiations directly impact American manufacturers, farmers, and consumers who have faced volatile pricing and disrupted supply chains since the tariff war escalated.
Analysts note the talks reflect broader geopolitical efforts to de-escalate tensions ahead of critical elections in both nations. However, deep structural disagreements over intellectual property, state-owned enterprises, and trade imbalances remain unresolved challenges.
