Reuters: The Chinese delegation leaves the trade negotiations with the United States in Geneva, without any clear reasons.

Reuters: The Chinese delegation leaves the trade negotiations with the United States in Geneva, without any clear reasons.

The Chinese delegation has concluded its trade negotiations with the United States in Geneva, leaving without any clear reasons or substantial agreements. The talks, which began on Saturday, were aimed at de-escalating the longstanding trade dispute between the two economic powerhouses [1].

The negotiations, led by U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson, were met with a Chinese delegation headed by Vice Premier He Lifeng. Despite the initial optimism surrounding the talks, the prospects for a major breakthrough appear dim, according to experts [2].

The meeting focused on the massive tariffs imposed by both countries on each other's goods. The U.S. had raised its tariffs on China to a combined 145%, while China retaliated with a 125% levy. These high tariffs have essentially amounted to a boycott of each other's products, disrupting trade that topped $660 billion last year [2].

The talks were characterized by cautious optimism, with both sides acknowledging the need to de-escalate the tariffs. However, the exact outcomes of the negotiations remain unclear. U.S. President Donald Trump had previously suggested that the U.S. could lower its tariffs on China, but no concrete agreements were reached during the Geneva talks [2].

The negotiations are part of a broader effort to address the systemic frictions that have long characterized the U.S.-China trade relationship. These issues include China's subsidies for key industries and its alleged theft of sensitive technologies. Although the talks did not produce any immediate results, they are seen as a positive step towards further dialogue and potential de-escalation [1].

The Chinese delegation's departure from Geneva without clear results underscores the complexity and depth of the trade dispute. The negotiations are expected to continue, with the possibility of setting an agenda for future talks. However, the timeline for any substantial agreement remains uncertain, and experts caution that the systemic issues will not be resolved anytime soon [1].

References:
[1] https://www.bbc.com/news/articles/c74qjjvzlgjo
[2] https://www.thevibes.com/articles/world/108044/china-us-trade-talks-begin-in-geneva