US Treasury Secretary Scott Bessent's meeting with Chinese officials in Geneva indicated "a willingness on both parts to negotiate and to try and sort of find a way forward," says Elizabeth Ingleson, Assistant Professor at the London School of Economics and author of Made in China: When US-China Interests Converged to Transform Global Trade. "Long term there is a structural shift happening within China to move as much as possible away from a reliance on trade with the United States," she adds.