China, US hold talks on tariffs in first bid to de-escalate trade war | Trade War News

Analysts have low expectations of a breakthrough, but host Switzerland hopes ‘roadmap’ will emerge.

China’s trade envoy He Lifeng has met United States Treasury Secretary Scott Bessent in Switzerland for talks aimed at easing a trade war between the superpowers that is roiling global markets.

The first official engagement, since the US slapped a 145 percent tariff on Chinese goods, prompting a retaliatory 125 percent duty from China, began on Saturday at an undisclosed location in…