US, China hail ‘substantial progress’ made in tariff talks in Geneva

The US and China are set to release a joint statement outlining progress from their two-day trade talks in Switzerland, aimed at easing tensions exacerbated by Trump's tariffs and China's retaliatory measures. Both nations expressed satisfaction with the developments, though they acknowledge lingering differences. However, both sides remain cautious about unilaterally lowering tariffs, recognizing potential repercussions from China if such actions are taken. The discussions mark a tentative step toward de-escalation, but significant changes in trade relations between the US and China are still uncertain.