US and Chinese delegations take a break from tariff talks in Geneva

(11 May 2025)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Geneva, Switzerland - 11 May 2025
1. Various of US and Chinese delegations leaving to take a break from tariff talks
STORYLINE:
The US and China on Sunday resumed crucial tariff talks that have put the global economy on edge, but appeared to have diverging views of where the negotiations presently stand.

Delegates were seen taking an early afternoon break from the discussions at the residence of the Swiss ambassador to the UN delegation in Geneva, which is hosting the talks.

US President Donald Trump wrote on social media that “great progress” was being made and even suggested a “total reset” was a possibility as the sides took their seats for the second and final scheduled day of discussions in Geneva.

He gave no further details, and officials at the White House also offered little information during and after the opening day of discussions.

Beijing has yet to comment directly, but its official news agency took a tough approach, saying China will “firmly reject any proposal that compromises core principles or undermines the broader cause of global equity.”

The discussions could help stabilize world markets roiled by the US-China standoff that has ships in port with goods from China unwilling to unload until they get final word on tariffs.

Trump last month raised US tariffs on China to a combined 145%, and China retaliated by hitting American imports with a 125% levy.

Tariffs that high essentially amount to the countries’ boycotting each other’s products, disrupting trade that last year topped 660 billion US dollars.

The talks mark the first time the sides have met face-to-face to discuss the issues.

And though prospects for a breakthrough are slight, even a small drop in tariffs, particularly if taken simultaneously, would help restore some confidence.

The tariff fight with China has been the most intense.
Trump's tariffs on China include a 20% charge meant to pressure Beijing into doing more to stop the flow of the synthetic opioid fentanyl into the US.

The remaining 125% involve a dispute that dates back to Trump’s first term and comes atop tariffs he levied on China back then, which means the total tariffs on some Chinese goods can exceed 145%.

China's trade deficit, which came to a record 263 billion US dollars last year, has also been a major target of Trump's complaints.
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