In a surprising move, the United States and China have announced a truce in their ongoing trade war following high-stakes talks in Geneva. The deal will see tariffs significantly reduced, with the U.S. cutting its tariffs from 145% to 30%, and China slashing its tariffs from 125% to 10%. But is this a true de-escalation or just a temporary fix? In this full press conference, we break down the details, the 115% rollback, and the lingering issues that could keep tensions simmering. How will this impact the global economy, trade relations, and key industries like electric vehicles, steel, and aluminum? Watch now to get the full picture.
#USChinaTrade #TradeWarTruce #GenevaAgreement #TariffRollback #GlobalEconomy #ChinaUSRelations #TradeTalks #Economy2024 #USChina #InternationalTrade #ChinaTariffs #USTariffs #GenevaPressConference #EconomicImpact #TariffDeescalation
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Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But both sides called the discussions constructive, raising expectations for a deal. The WTO praised the talks as a "significant step forward," while U.S. futures, oil, and the dollar all climbed on optimism of easing tensions.
#USChinaTrade #GlobalMarkets #TradeTalks #TariffWar #GenevaSummit #MarketRally #WTO #TradeBreakthrough #USPolitics #ChinaNews #AsianMarkets #TrumpTariffs #TradePolicy #GlobalEconomy #RecessionFears #EconomicDiplomacy #HeLifeng #NgoziOkonjoIweala #USChinaRelations #StockMarket #OilPrices #GoldPrices #DollarIndex #SupplyChains #BusinessNews #InternationalTrade #TariffDrop #InvestingNews #WorldMarkets #TradeDeal #Geneva
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Trump hails 'great progress' as US-China trade talks in Geneva continue
The lead US negotiator described “a great deal of productivity” in resolving US-China trade differences after two days of talks in Switzerland, following Trump’s tariffs and Beijing’s retaliation.
READ MORE : http://www.euronews.com/2025/05/11/us-says-to-have-made-substantial-progress-during-its-two-day-talks-with-china-on-tariffs-d
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Credit: euronews (in English) Duration: 01:20Published
Watches & Wonders 2025: Eileen Gu & Derrick Rose join the world's top watch brands in Geneva
Watches & Wonders, the premier fine watchmaking event, has opened in Geneva with a record 60 brands participating. High-profile attendees include freestyle ski champion Eileen Gu and former NBA star Derrick Rose.
READ MORE : http://www.euronews.com/2025/04/03/watches-wonders-2025-eileen-gu-derrick-rose-join-the-worlds-top-watch-brands-in-geneva
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Credit: euronews (in English) Duration: 01:57Published
The Watches and Wonders Salon, the leading gathering of the fine watchmaking industry, opened its doors in Geneva on Tuesday 1st April. A record number of 60 brands are taking part in the 2025 edition.
Credit: euronews (in English) Duration: 02:00Published
Judo Grand Slam: Gold Rush for Four Nations on Day 2 in Astana
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President Donald Trump swore in former U.S. Senator David Perdue as his new ambassador to China amidst growing tensions over trade. Trump joked about Perdue’s "timing," highlighting the difficult position he's stepping into. With Chinese negotiators set to meet with U.S. officials this weekend in Switzerland, the high-level talks are seen as a critical move in easing the U.S.-China trade war. As the global economic landscape shifts, Perdue’s role is key to navigating this diplomatic and economic challenge.
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Fugitive diamond tycoon Mehul Choksi, accused in India’s ₹13,500-crore PNB fraud case, has been arrested in Belgium following India’s extradition request. Choksi, previously residing in Antigua, allegedly used forged documents to gain Belgian residency. Sources reveal he planned to flee to Switzerland under the guise of medical treatment. His arrest marks a major breakthrough for Indian agencies amid a long-standing extradition battle. The case is now under process as India seeks his return for prosecution. His nephew, Nirav Modi, remains jailed in the UK, also facing extradition.
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