The US-China trade meeting’s low bar: Progress
Close China watchers say they don’t expect Chinese Vice Premier He Lifeng to make any immediate concessions when the two sides meet in Switzerland this weekend.
Trump’s apparent willingness to ease U.S. tariffs on China — currently at a minimum of 145 percent — down to 80 percent comes as Treasury Secretary Scott Bessent prepares to meet with Chinese officials in Geneva this weekend. But that concession, or a similar step on the tariff rate, would do little to quickly reenergize trade between the two countries as imports of Chinese goods into West Coast ports steadily collapse.
