American and Chinese officials have started talks in Switzerland to de-escalate a trade dispute between the world's two biggest economies that has global implications. There is hope that the countries can scale back the tariffs they have slapped on each other's goods,

President Donald Trump on Friday set negotiating terms for his administration’s first discussions with China, which are set to take place in Geneva this weekend.

President Donald Trump suggested Friday that his 145% tariff on China could be reduced to 80%. “80% Tariff on China seems right! Up to Scott B.,” Trump said on his social media platform Truth Social, in reference to Treasury Secretary Scott Bessent.