China will probably play hardball in the U.S. tariffs talks

US Treasury Secretary Scott Bessent will meet his Chinese counterpart He Lifeng in Geneva this week for the first high-level US-China talks to end the trade war, the US said on Thursday. The two countries are set to remove tariffs on each other’s goods but maintain the 20% tariffs that have been imposed. Earlier, both countries had imposed tariffs on each other’s goods.