The U.S. and China just kicked off high-stakes talks in Geneva.
It marks the first real sign of hope in a bruising trade war that’s left prices rising and shelves emptier.
On Team China: Vice Premier He Lifeng.
On the U.S. side: Treasury Secretary Scott Bessent, who kept expectations in check.
“We’re not walking out of here with a grand deal,” he said earlier this week. Still, it’s a start.
Right now, Americans are getting hit hard with soaring prices—thanks to a staggering 145% tariff on Chinese imports.
What’s Happening?
China fired back with a 125% hit on U.S. goods. Sound intense?
It is. And unless those tariffs drop below 50%, economists say, don’t expect trade to bounce back.
Even Trump weighed in—suggesting an 80% tariff might be the magic number. Maybe.
But this isn’t just about goods and money.
Trump also hinted he’d raise the case of jailed Hong Kong media mogul Jimmy Lai in the talks.
He added human rights to an already-loaded agenda.
