China-U.S. Economic Talks Yield Progress: New Consultation Mechanism Established

In a significant development, China and the U.S. held high-level talks in Geneva, paving the way for improved trade relations. The conversations, marked by candid discussions and constructive progress, resulted in the establishment of a new economic and trade consultation mechanism. This breakthrough comes as both nations strive to address escalating trade tensions that have significantly impacted global supply chains and inflation. The development is seen as a positive step towards easing these tensions.