Senior trade negotiators from the United States and China have resumed talks in Geneva, as both governments look for a way to cool tensions triggered by new tariffs and wider supply-chain restrictions.

The discussions come after weeks of mounting pressure on global markets, with businesses closely watching for any sign that the two largest economies may avoid further escalation. Tariffs and export controls have already added uncertainty to trade flows, manufacturing plans, and technology supply chains.

While neither side has signaled a breakthrough, the restart of talks suggests both are keeping diplomatic channels open. Officials are expected to focus on practical steps to reduce friction, even as deep disagreements remain over market access, industrial policy, and economic security.

Any agreement would likely be limited at first, but even a narrow de-escalation could ease pressure on companies and investors that have been bracing for another round of trade disruption.