No deal in sight yet as China and US enter day 2 of trade talks to cool tariff tensions

Top Chinese and US trade officials held high-stakes talks over the weekend on easing a trade war that has disrupted global supply chains and triggered concerns over a prolonged economic downturn, as the world watched intently for the outcome.

Chinese Vice-Premier He Lifeng, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer resumed negotiations in the Swiss city of Geneva shortly after 10am local time on Sunday, according to Agence France-Presse.

This followed eight hours of talks in a closed-door meeting on Saturday – the first high-level exchange between the world’s two largest economies amid an unprecedented trade war in which both sides have raised import tariffs to well over 100 per cent.

Chinese state media CGTN also confirmed earlier that the trade talks were continuing on Sunday.

However, no agreement had been announced as of Sunday night Beijing time.

There was no official statement from either side after the first day of talks.

South China Morning Post