US officials say deal struck to cut China trade deficit, details on Monday
US-China tariffs: The countries are finally talking but why now?
Daily SumUp · Daily SumUp
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Show Notes
The US-China trade war could be letting up, with the world's two largest economies beginning talks in Switzerland.
Top trade officials from both sides met on Saturday in the first high-level meeting since US President Donald Trump hit China with tariffs in January.
Beijing retaliated immediately and a tense stand-off ensued as the two countries heaped levies on each other. New US tariffs on Chinese imports stand at 145%, and some US exports to China face duties of 125%.
There have been weeks of stern, and sometimes fiery, rhetoric where each side sought to paint the other as the more desperate party.
And yet this weekend they face each other over the negotiating table.
So why now?
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