Xi Jinping’s defiance against Donald Trump pays off with the dramatic tariffs reduction. Bloomberg reporters answer your questions on what lies ahead.

Treasury Secretary Scott Bessent expressed optimism about continuing trade negotiations with Chinese officials after meeting in Geneva, with plans to meet again in the next few weeks to hash out a

U.S. and Chinese officials are set to meet in Switzerland to discuss potentially de-escalating the trade spat that has resulted in high tariffs for each country.

The talks came as protests erupted across China, where the loss of the U.S.—the country's largest single export market—was forcing factories to shut down. Hundreds of workers turned out to protest unpaid wages and what they described as unjust dismissals, Radio Free Asia reported.

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Representatives from the world's largest economies described the weekend talks as productive, spurring optimism that a trade agreement between the two could be reached.

High-level talks between the United States and China have begun in Geneva, Switzerland, Chinese state media reported on Saturday, in a possible thaw in the trade war sparked by President Donald Trump’s massive tariffs.

Asian shares are higher after two days of trade talks between China and the U_S_ made what the U_S_ side said was “substantial progress.”

Trump’s escalation sent financial markets tumbling and left U.S. retailers warning that they might run out of goods as U.S.-China trade implodes. U.S. consumers, worried about the prospect of empty shelves and higher prices, are losing confidence in the economy.

The White House released a statement Monday saying the administration will continue “working toward a rebalancing” of a trade deficit with China. In 2024, the U.S. purchased $295.4 billion more in goods from China than China purchased from the U.S.

US, China to temporarily lower some tariffs for 90 days Beijing to cut tariffs on US goods to 10% from 125% Washington to reduce duties on Chinese goods to 30% from 145% Dollar rallies to one-month highs against euro and yen Thanks for joining us.