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10/09/2025

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10/09/2025
LAWIN.news

US-China trade talks loom as Trump hints at tariff reduction

by LAWIN.news May 10, 2025
written by LAWIN.news May 10, 2025
Toys are seen at "Child's Play Toys" store in Washington, DC, on April 18, 2025. Nearly 100 days into President Donald Trump's White House return, US businesses are scrambling to adjust to fast-changing trade policies. The $40 billion toy industry, which heavily relies on production in China, is hard hit, companies tell AFP. Duncan's entire product range is designed and developed in the United States, chief executive of Duncan Toys Company Josh Staph said, but it makes almost all the toys in China. (Photo by Anne LEBRETON / AFP)
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Senior officials from the United States and China began trade talks on Saturday in an effort to resolve escalating trade tensions between the two nations.

The meeting, which is taking place over the weekend, is aimed at addressing the tariffs imposed by the U.S. last month and exploring potential solutions to reduce the ongoing trade conflict.

U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are representing the United States, while Chinese Vice Premier He Lifeng is leading the Chinese delegation.

This marks the first direct negotiations between the two countries since the U.S. imposed tariffs on Chinese goods in April 2025, escalating the trade dispute.

The U.S. has sought to reduce China’s trade imbalances and address intellectual property issues, while China has raised concerns over the economic impact of the tariffs on its economy.

 

 

 

 

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