https://archive.is/FKuhi (reuters)
https://archive.is/MIdNc (afp)
Chinese Vice Premier He Lifeng met for about eight hours with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer in Geneva in their first face-to-face meeting since the world’s two largest economies heaped tariffs well above 100% on each other’s goods.
U.S. President Donald Trump said on Friday that an 80% tariff on Chinese goods “seems right”, suggesting for the first time a specific alternative to the 145% levies he has imposed on Chinese imports.
Neither side made any statements about the substance of the discussions nor signaled any progress towards reducing crushing tariffs as meetings at the residence of Switzerland’s ambassador to the U.N. concluded at about 8 p.m. local time. (1800 GMT)
The discussions are expected to restart on Sunday in the Swiss city, according to an individual familiar with the talks, who was not authorized to speak publicly.
The 80% number is just something that Trump posted on his social media early on Friday morning, before any meeting ever happened.
UPDATE Trump posted on truthsocial, 1 hour ago. He describes the meeting with the phrases “total reset” and “great progress”. I won’t believe this until I hear the perspective from China’s government.
That is pretty much what is missing here. They have a strong central bank and speaking that they own a majority of the productive forces as you said; the U.S can just cause collapse and China can make them suffer deeply for it.
There is more to this than just “Liberals own the CPC and China should spend trillions in directly challenging the monetary hegemony through marshal plans that could get derailed by American intelligence programs”.