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US, China hail 'substantial progress' after trade talks in Geneva

US, China hail 'substantial progress' after trade talks in Geneva

25 Sept 05:09 Key points summarised by AI
  • US and China officials reported "substantial progress" after two days of trade talks in Geneva, aiming to de-escalate tensions sparked by President Trump's tariffs.
  • Both nations described the discussions as productive and constructive, agreeing to establish a joint mechanism for ongoing communication on trade and commercial issues.
  • These meetings were the first face-to-face trade talks since the imposition of steep tariffs, with the World Trade Organization welcoming the progress as vital for global stability.
  • While encouraging, experts caution that the "devil will be in the details" of any future agreement, as significant tariff rates could still halve bilateral trade.
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