America-China tariff war will end! Understand why the helplessness of both Trump-Jinping in Geneva

Will both countries retreat from 145% and 125% tariffs?

This was the first meeting between the two countries after US President Donald Trump imposed heavy tariffs against China in January. The pair of Chinese Deputy Prime Minister Hey Lifeng and US Treasury Secretary Scott Besant were engaged in the entire weekend secretly discussed in the closed room.

China and America will make platform for dialogue

According to Reuters reports, Jemisson Greer said that the US and China have agreed to establish a new consultation mechanism (where they can sit and resolve issues by mutual consent) to negotiate business and economic issues. China and the United States have created several consultation bodies to try to resolve trade and economic differences in recent decades, including the Economic Working Group, which was installed in 2023 with the China Vice Premier by the former President Janet Yellen, former President of Biden Joe Treasury Secretary Janet Yelen.

Both benefit from trade deal

US President Donald Trump wants to end his tariff war with China. The reason is that the US economy has suffered a setback under Trump’s leadership. The US economy has not accelerated in the first three months of the year, on the contrary it was found shrinking- the economy has declined at an annual rate of 0.3%. At the same time, China is also facing the hit of Trump’s tariff. Last month, the BBC printed the report that Chinese exporters were struggling with the US tariff. A company of Sorbo Technology Na told that half of its products were generally sold to America but now they were kept in boxes in a warehouse in China.