Yet it isn’t clear how they would move beyond that—and whether that initial step would reduce the uncertainty gripping the global economy.The economic and political stakes are high. With 145% tariffs on Chinese imports and levies of 125% on U.

American and Chinese officials have started talks in Switzerland to de-escalate a trade dispute between the world's two biggest economies that has global implications. There is hope that the countries can scale back the tariffs they have slapped on each other's goods,

Since U.S. President Donald Trump imposed steep tariffs on China last month, Beijing has responded in kind. On state and social media, it posted images of Mao Zedong, lambasted "imperialists," and sent a message: capitulation to bullies is dangerous,