The discussions marked the first face-to-face meetingbetween the two sides since a tariff war, initiated by US President Donald Trump in February,brought nearly $600 billion in annual bilateral trade to a near standstill.Leading the delegations were US Treasury Secretary Scott Bessent, US TradeRepresentative Jamieson Greer, and Chinese Vice Premier He Lifeng.
Washington is pressing for a reduction in its $295 billiontrade deficit with Beijing and urging China to shift away from what USofficials describe as a mercantilist economic model. This includes demands forincreased Chinese consumer spending and domestic reforms. China, in turn, ispushing for tariff relief, clearer expectations on trade commitments, andrecognition as an equal economic partner.
Since taking office in January, President Trump has sharplyincreased tariffs on Chinese imports, citing unfair trade practices and China’salleged failure to stop the export of fentanyl-related chemicals. Beijing hasrejected the accusations and maintained that it will not accept externalpressure.
Read More Details
Finally We wish PressBee provided you with enough information of ( US-China tariff talks to resume tomorrow )
Also on site :