The barrage of retaliatory tariffs from China and the US could end quickly once talks start, given that both sides are open to dialogue.
That was the assessment of a number of observers after an exchange of escalating duties in the past week.
On Tuesday, US President Donald Trump raised levies on Chinese goods to 104 per cent, before increasing them to 125 per cent the next day, later clarifying the cumulative figure at 145 per cent. That brought the effective cumulative tariff to about 156 per cent.
Trump ended the week with a 90-day pause on fresh tariffs for most of the United States’ trading partners, leaving a baseline duty of 10 per cent in place for the period.
However, the one big exception was China.
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