The U.S. has reported making “substantial progress” in negotiations with China, according to Treasury Secretary Scott Bessent, following a weekend of discussions in Geneva. Further details regarding the talks are expected to be announced today.
U.S. Trade Representative Jamieson Greer indicated that a potential agreement may address U.S. national security concerns related to China's trade practices, although he did not confirm whether any tariffs would be lifted.
Chinese Vice Premier He Lifeng characterized the discussions as “candid, in-depth and constructive,” stating that both nations had agreed to establish a “consultation mechanism” for ongoing economic and trade dialogue, as reported by Chinese state media.
Trade expert Ana Swanson noted that while any reduction in tensions is beneficial for businesses reliant on U.S.-China trade, expectations should be tempered regarding the outcomes of just two days of meetings. She suggested that the most likely result could be additional meetings rather than immediate tariff reductions.
In related news, the cease-fire between India and Pakistan appears to be holding on its first full day, following a four-day conflict. Both nations claimed victory in the recent hostilities.
President Trump announced the cease-fire, facilitated by U.S. mediation, and expressed intentions to significantly increase trade with both countries while working towards resolving the Kashmir dispute. Pakistan acknowledged U.S. mediation, while India initially did not mention it but later confirmed discussions with U.S. officials.
As Trump prepares for his first major foreign trip to the Middle East, signs of a rift between him and Israeli Prime Minister Benjamin Netanyahu have emerged. The two leaders were previously aligned on various issues but have since diverged, particularly regarding Iran's nuclear capabilities and U.S. airstrikes against Houthi militias.
In Gaza, Hamas announced plans to release Edan Alexander, the last living U.S. citizen held captive in the region.
In cultural news, Guinea-Bissau, a small West African nation with limited artistic infrastructure, recently hosted its first biennale, the MoAC Biss, featuring around 150 artists from 17 countries. The festival aims to provide local artists with opportunities to showcase their work, highlighting the importance of culture and art.
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