US and China tariff talks begin in Geneva with hope of de-escalating trade dispute

Each still wants to see how the other side copes with negative headwinds,

Ren said

If we come out of Geneva with people using incendiary language and strong disagreements, I don't think that's priced in,

said Czerwonko of UBS

When a single (social media post) from the president can make the market move 10%, it becomes very costly" to establish those positions

Ren said

This is the mother of all negotiations,

said Alejo Czerwonko, chief investment officer, Emerging Markets Americas, at UBS

We're still doubtful that direct U.S.-China negotiations will lead to a 'grand compromise',

said Thierry Wizman, global FX and rates strategist at Macquarie, in a note to clients

To talk about any other scenario, you end up with a lose-lose outcome,

he warned

I can see trade deals coming with India, Japan and maybe South Korea, down the road,

he said

The best scenario is for the two sides to agree to de-escalate on the ... tariffs at the same time,

she said, ... adding even

An increase in trade tensions is not in Switzerland’s interests. Countermeasures against U.S. tariff increases would entail costs for the Swiss economy, in particular by making imports from the USA more expensive,

the government said last week

The relationship is not good" between Washington and Beijing

noted Bill Reinsch, a senior advisor at the Center for Strategic and International Studies

Xu Binchinese actor

I think this is basically to show that both sides are talking – and that itself is very important,

Xu Bin, professor of economics and finance at the China Europe International Business School, told AFP

The president would like to work it out with China.... He would like to de-escalate the situation,

US Commerce Secretary Howard Lutnick told Fox News on Friday

We have trade-prohibitive tariffs going in both directions. Relations are deteriorating,

said Reinsch, a longtime former member of the American government's US-China Economic and Security Review Commission

If a road map can emerge and they decide to continue discussions, that will lower the tensions,

he told reporters on Friday, saying

To untie the bell, you need the person who tied the bell."

There's an old Chinese saying