Since Trump returned to the White House in January, his administration has levied new tariffs totalling 145 percent on goods from China, with some sector-specific measures stacked on top.
This week's talks mark the first official public engagement between the world's two largest economies to resolve that trade war.
Bessent told Fox News that the sides would hold meetings on Saturday and Sunday intended to lay the groundwork for future negotiations.
“We’ve got to de-escalate before we can move forward,“ he added.
Beijing’s commerce ministry vowed the country would “defend justice“ and stand by its principles during the talks.
“If the US talks in one way and acts in another, or even attempts to continue to coerce and blackmail China under the guise of talks, China will never agree,“ they added.
The USTR announced that Greer would also meet with “his counterpart from the People’s Republic of China to discuss trade matters,“ without naming He.
“This isn’t sustainable, as I have said before, especially on the Chinese side. 145 percent, 125 percent is the equivalent of an embargo. We don’t want to decouple. What we want is fair trade,“ Bessent said.
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