On May 10, 2025, top Chinese and U.S. trade negotiators extended their discussions into the evening in Geneva, Switzerland, aiming to de-escalate a trade war marked by high tariffs—145% on Chinese imports to the U.S. and 125% on U.S. goods to China. The U.S. delegation, led by Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, met with Chinese Vice Premier He Lifeng. The talks, held at a discreet lakeside venue, focused on tariff reductions, export controls, and trade imbalances, though expectations for a major breakthrough remained low due to mutual distrust. Both sides signaled a desire to ease economic tensions, with the U.S. considering lowering tariffs to around 80% and China evaluating concessions like stricter fentanyl controls. The World Trade Organization called the talks a “constructive step.”