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Washington and Beijing are set to hold their first high-level talks on tariffs since the onset of the US-China trade war, with Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer meeting their Chinese counterparts in Switzerland. This meeting comes amid escalating tensions, as the US has imposed a 145% tariff on Chinese imports, while China retaliated with a 125% tariff on American goods. Bessent expressed optimism for productive discussions aimed at rebalancing the international economic system to better serve US interests.
