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Trade talks between the US and China are underway in Switzerland. Here’s what’s at stake

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Hong Kong/London
CNN
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High-level talks between the United States and China have begun in Geneva, Switzerland, Chinese state media reported on Saturday, in a possible thaw in the trade war sparked by President Donald Trump’s massive tariffs.

Vice Premier He Lifeng will lead the talks on the Chinese side, while US Treasury Secretary Scott Bessent will be America’s chief representative, state broadcaster CCTV said in a brief report.

Bessent urged the public earlier this week not to expect a major trade deal out of the meetings, but he acknowledged it was an important step in negotiations.

The US has placed a minimum 145% tariff on most Chinese imports, and China has responded with a 125% tariff on most US imports. As a result, trade between the two sides is falling sharply, according to logistics experts.

Even reducing that tariff rate by half still might not be enough to change trade levels significantly. Economists have said 50% is the make-or-break threshold for the return of somewhat normal business between the two countries.

On Friday, hours after Bessent and Trade Representative Jamieson Greer had set off for Switzerland, Trump floated the possibility of slashing tariffs on Chinese goods to 80% while demanding China “open up its market to USA.”

“80% Tariff on China seems right! Up to Scott B,” Trump said in a Truth Social post.

The combination of fewer goods arriving in the US and increased costs on imports that do arrive has already started pushing up prices for Americans. Goldman Sachs analysts said Thursday that a key measure of inflation would effectively double to 4% by the end of the year because of Trump’s trade war.

And with ships carrying goods under the 145% tariffs now coming into port, a trade deal wouldn’t lower prices immediately.

To say Americans depend on a wide range of Chinese goods understates how pervasive they have become in daily life. Footwear, clothes, appliances, microchips, baby goods, toys, sports equipment, office machine parts and much more all pour into the US from China in staggering numbers.

But now those imports are decreasing. Imports into the United States during the second half of 2025 are expected to fall at least 20% year over year, according to the National Retail Federation. The decline from China will be even starker. Investment bank JPMorgan expects a 75% to 80% drop in imports from there.

The trade war has already affected the US economy. The nation’s gross domestic product, the broadest measure of the US economy, showed America’s first quarterly contraction since early 2022, as importers raced to bring in goods before punishing tariff rates kicked in.

The impact of the sky-high tariffs is also being felt keenly in China, whose exports to the US fell sharply in April. Chinese outbound shipments to the US stood at $33 billion last month – a whopping 21% decline from the $41.8 billion recorded in April 2024, according to a CNN calculation.

Steep US tariffs have also taken a heavy toll on China’s manufacturing sector. Chinese factory activity contracted at its fastest pace in 16 months in April, adding urgency to Beijing’s efforts to roll out fresh economic stimulus.

The news that Bessent and Greer would meet their Chinese counterparts in Geneva have raised hopes of a detente between the two nations. The US and China are the world’s largest and second-largest economies, respectively, bigger than even the next 20 economies put together, according to World Bank data.

Trump also told a conservative radio host on Wednesday that he would raise the case of jailed Hong Kong media tycoon Jimmy Lai “as part of the negotiation.” Lai, a pugnacious former publisher whose now shuttered tabloid Apple Daily was a regular thorn in Beijing’s side, is in the midst of a national security trial that could send him to prison for life.

CCTV did not say if Lai featured in the talks.

This story has been updated.



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‘Never again war!’ Pope Leo calls for peace in Ukraine and Gaza in first Vatican address since his election

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Rome
CNN
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Pope Leo XIV stepped out onto the balcony of St. Peter’s Basilica to thunderous applause and an electric atmosphere, to deliver his first Sunday blessing and an address calling for peace in Ukraine and Gaza.

The last time he stood on the same velvet-draped ledge, the fragrant scent of white smoke was still hanging in the air and looks of shock permeated the crowd. Just days ago, the election of a US-born pope seemed almost impossible.

But those gathered in St. Peter’s Square on Sunday knew exactly what to expect – a pontiff who was born in Chicago, shaped in Peru and well-experienced in Vatican leadership.

“Let us take up the invitation that Pope Francis left us in his Message for today: the invitation to welcome and accompany young people,” Leo said Sunday from the balcony, speaking in fluent Italian. “And let us ask our heavenly Father to assist us in living in service to one another.”

“In today’s dramatic scenario of a third world war being fought piecemeal, as Pope Francis said, I too turn to the world’s leaders with an ever timely appeal: never again war!,” he said.

Pope Leo called for peace in Ukraine, as well as a ceasefire in Gaza and the release of hostages. He also called for humanitarian aid to be provided “to the exhausted population” in Gaza.

“I welcomed the announcement of the ceasefire between India and Pakistan and I hope that through negotiations we can reach a lasting agreement,” he added.

He delivered a “message of peace” and led the faithful crowd in the Regina Caeli (“Queen of Heaven”) prayer for the first time, surprising those gathered by singing part of the prayer.

The prayer is one of four Marian antiphons, or prayers to the Virgin Mary, which is said throughout the Easter season.

People gather in St. Peter's Square on Sunday.

The city of Rome said 150,000 people were expected to gather in St. Peter’s Square for the prayer and significant law enforcement resources are deployed, but an official estimate of the crowd has yet to be announced.

The square was booming with music ahead of Leo’s address, as hundreds of musicians from around the world marched into St. Peter’s Square for a Jubilee of Bands, playing classic songs from their home countries and even pop songs like Village People’s 1978 hit “YMCA.”

As he finished his address, loud shouts of “viva il papa,” or “long live the pope,” were heard among the tens of thousands of people.

Pope Leo is indicated on Saturday that his papacy will follow closely in the footsteps of the late Pope Francis, setting out a vision for a church led be a missionary focus, courageous dialogue with the contemporary world and “loving care for the least and the rejected.”

Leo is expected to lean in a more progressive way on social issues like migration and poverty but fall more in line with moderates on moral issues of Catholic doctrine.

A rosary hangs on an American flag as people gather in St Peter's Square.

In his first meeting with cardinals on Saturday, the new pontiff said that he chose his papal name to continue down the path of Pope Leo XIII, who addressed “the social question in the context of the first great industrial revolution.” Leo XIII, who was pope from 1878 to 1903, had a strong emphasis on workers’ rights and Catholic social doctrine.

Leo XIV also used his first weekend as pontiff to visit the Basilica di Santa Maria Maggiore, where he prayed at the tomb of Francis.

He also traveled to an Augustinian sanctuary just outside Rome, the Madonna del Buon Consiglio (Mother of Good Counsel), in Genazzano, Italy.

Leo is the first pontiff from the Augustinian order, which places an emphasis on service work and building community. He spent more than a decade leading the Augustinians as the prior general, giving him experience of heading an order spread across the world.

Even larger crowds are expected to fill St. Peter’s Square during Pope Leo’s installation Mass, which will take place on Sunday, May 18.

CNN’s Sharon Braithwaite and Christopher Lamb contributed to this report.



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Russia’s European neighbors are lifting bans on landmines. Campaigners are horrified

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CNN
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They are considered one of the world’s most dangerous, and indiscriminate, weapons. Yet five European countries have turned their backs on an international treaty on the use of landmines, citing the growing threat from Moscow.

Finland, Poland, Latvia, Estonia and Lithuania – which all border Russia – have made moves to pull out of the Ottawa Treaty, the agreement that bans the use of anti-personnel landmines, which are designed to kill or maim if stepped on.

The developments have alarmed campaigners, who see the reintroduction of the weapons – which have killed or disfigured tens of thousands of civilians around the world and can contaminate an area for decades after a conflict ends – as a concerning regression.

The treaty, which also bans the weapons’ production and stockpiling, was signed in 1997, and was one of a series of agreements negotiated after the Cold War to encourage global disarmament. Since then, it has been credited with significantly reducing the harm from landmines.

Responding to Finland’s decision to leave the agreement, human rights NGO Amnesty International warned that the Nordic nation was endangering civilian lives, describing it as a “disturbing step backwards.”

The decision “goes against decades of progress on eliminating the production, transfer and use of inherently indiscriminate weapons,” the NGO warned.

At the start of this year, the pact had 165 member states. But major powers, including Russia, China, India, Pakistan and the United States, never signed up to it.

In a joint statement in March, Poland and the three Baltic states announced their withdrawal, arguing for a rethink on which weapons are – and which ones are not – acceptable in the face of Russia’s aggression.

The countries said they needed to provide their armed forces with greater “flexibility and freedom of choice,” to help them bolster the defense of NATO’s eastern flank.

The following month, in April, Latvia became the first country to formally withdraw from the treaty after its parliament strongly backed the proposal, meaning that after a grace period of six months, Riga would be able to start amassing landmines again.

Also that month, Finland unveiled plans to join Latvia. Explaining the decision, Finland’s Prime Minister Petteri Orpo told journalists that Russia poses a long-term danger to the whole of Europe. “Withdrawing from the Ottawa Convention will give us the possibility to prepare for the changes in the security environment in a more versatile way,” he said.

A Finnish soldier pictured last November. In April, Finland announced its plans to withdraw from the Ottawa Treaty.

The announcements come as U.S. President Donald Trump has doubled down on efforts to wrap up the war in Ukraine, which has stoked fears in neighboring states that Moscow could re-arm and target them instead.

Keir Giles, a senior consulting fellow of the Russia and Eurasia program at the thinktank Chatham House and author of the book “Who will Defend Europe?,” believes that if and when Russia’s grinding conflict in Ukraine does come to an end by whatever means, Moscow will be readying itself for its next target.

“Nobody is in any doubt that Russia is looking for further means of achieving its objective in Europe,” Giles told CNN.

For Giles, the military benefits of using landmines are clear. The underground explosives, he said, can slow an invasion, either by redirecting oncoming troops to areas that are easier to defend, or by holding them up as they attempt to breach the mined areas.

They can be particularly beneficial for countries looking to defend themselves against an army with greater manpower. “They are a highly effective tool for augmenting the defensive forces of a country that’s going to be outnumbered,” he said.

He believes the five countries leaving the treaty have looked at the effectiveness of the weapons, including their use in Russia’s war on Ukraine, in deterring invading forces.

However, he stressed that the Western countries wouldn’t use landmines in the same way as Moscow’s forces, saying there were “very different design philosophies” in the manufacturing of mines and cluster munitions between countries that aren’t concerned with civilian casualties or may willingly try to cause them, and those that are trying to avoid them.

In Ukraine, extensive Russian minefields laid along Ukraine’s southern front lines significantly slowed a summer counteroffensive launched by Ukraine in 2023.

Ukraine is deemed by the United Nations to be the most heavily mined country in the world. In its most recent projections, Ukraine’s government estimates that Moscow’s forces have littered 174,000 square kilometers (65,637 square miles) of Ukraine’s territory with landmines and explosive remnants.

Ukrainian soldiers demine a field in Mykolaiv Oblast, Ukraine, in November 2022.

This means Ukrainian civilians, particularly those who have returned to areas previously on the front lines of the fighting, are faced with an ever-present risk of death.

“The large-scale contamination of land by explosive ordnance has created an ‘invisible threat’ in people’s minds,” Humanity & Inclusion, an international charity helping those affected by poverty, conflict, and disaster, warned in a February report on the use of landmines in Ukraine. “As a result, people’s movements are extremely reduced or restricted, they can no longer cultivate their land and their social, economic, or professional activities are hindered.”

According to findings from Human Rights Watch published in 2023, Ukraine has also used antipersonnel landmines during the conflict and has received them from the US, despite Kyiv being a signatory of the 1997 ban.

In comparison, Finland, Poland and the Baltic nations say they would remain committed to their humanitarian principles when using the explosives, despite withdrawing from the ban.

When announcing its plans to leave the Ottawa Treaty, Helsinki stressed it would use the weapons in a humane manner, with the country’s president Alexander Stubb writing on X, “Finland is committed to its international obligations on the responsible use of mines.”

While the responsible use of landmines is a complex issue, measures to reduce civilian harm can include making precise records of minefields and their locations, educating communities to their dangers and the clearance or neutralization of the weapons once the conflict is over.

Despite such pledges of responsibility, the move away from the Ottawa Treaty has left campaigners horrified.

Landmines have killed or maimed tens of thousands of civilians across the world and continue to cause harm. In its 2024 report, the Landmine and Cluster Munition Monitor found that at least 5,757 people were killed and wounded by mines and explosive remnants of war across the globe in 2023, with civilians making up 84% of that number.

Alma Taslidžan, from Bosnia, was displaced from her homeland during the war of the early 90s, only to return with her family to a country laced with landmines – a contamination issue she says plagues the country to this day.

Now working for disability charity Humanity & Inclusion, she described the five countries’ decision to pull out of the treaty as “absolute nonsense” and “the most horrible thing that could happen in the life of a treaty.”

Canada's former foreign minister Lloyd Axworthy signs the treaty to ban the use of anti-personnel landmines.

She told CNN that the arguments for banning landmines have not changed since the Ottawa Treaty was formed in the 1990s. “Once it’s in the ground, it’s a danger. It cannot distinguish between the foot of a civilian and the foot of a child and the foot of a soldier.”

She continued, “We are surprised that such advanced militaries like the Finnish, like the Estonians, Lithuanians, Latvians, would consider putting this hugely indiscriminate weapon in their military strategy, and what is worse, putting it in their land.”

Yet, for some, the new, precarious security reality that Europe is facing means that previous red lines are now up for discussion.

This is the case for Giles, who sees the latest developments as a recognition from these countries that treaties on landmines were “an act of idealism which has proven to be over-optimistic by developments in the world since then.”



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Putin says Russia is ready for direct talks with Ukraine

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CNN
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Russian President Vladimir Putin has proposed holding “direct talks” with Ukraine on Thursday in Istanbul, as European leaders and the United States attempt to put pressure on Moscow to agree to a 30-day ceasefire in order to bring an end to the three-year conflict.

“We would like to start immediately, already next Thursday, May 15, in Istanbul, where they were held before and where they were interrupted,” Putin said in a rare late-night televised address. He emphasized the talks should be held “without any preconditions.”

“We are set on serious negotiations with Ukraine,” Putin said, adding they are intended to “eliminate the root causes of the conflict” and “reach the establishment of a long-term, durable peace.”

The proposal came just hours after the leaders of Germany, France, the United Kingdom and Poland told Putin to agree to a 30-day ceasefire starting on Monday or face possible “massive sanctions,” according to French President Emmanuel Macron, on a highly symbolic visit to Kyiv.

The demand comes with the backing of the White House after a joint phone call with US President Donald Trump, the Europeans said.

Shortly after the leaders called for a ceasefire, Kremlin spokesperson Dmitry Peskov said that Russia is “resistant to any kind of pressure.”

“Europe is actually confronting us very openly,” Peskov said, adding that Putin supports the idea of a ceasefire “in general,” but “there are lots of questions” about the recent proposal that still need answering. He did not expand on what these questions are.

Putin said Sunday he would speak with Turkish President Recep Tayyip Erdogan about holding talks with Kyiv.

This is a developing story and will be updated.



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