Can they make a deal? US-China talks begin
Shafaq News/ On Saturday, the UnitedStates and China commenced high-level trade talks in Geneva to defuse a tradewar that has disrupted global supply chains and strained bilateral relations.
In talks facilitated by Swiss mediation,US Treasury Secretary Scott Bessent and US Trade Representative Jamieson metwith a Chinese delegation led by Vice Premier He Lifeng, following weeks ofmounting economic pressure.
“The fact that they’re talking is progress in itself,” Swiss EconomyMinister Guy Parmelin told reporters. “If a roadmap emerges, it could defusetensions.”
Last month, President Donald Trump raisedtariffs on Chinese imports to a combined 145%, prompting a 125% retaliatorymove from Beijing. Trump later proposed an 80% rate as a possible alternative,stating on Truth Social that the final decision would be “left to Bessent.”
What to Expect
Washington is pushing to reduce its tradedeficit, curb Chinese state subsidies, and enforce unmet terms from the 2020Phase One agreement, while Beijing seeks tariff relief and clearer US demands,while rejecting unilateral conditions.
“Simultaneous tariff cuts would be the most meaningful outcome,” observedSun Yun, Director of the China Program at the Stimson Center. “Symbolicgestures won’t resolve systemic issues.”
The Chinese delegation is also expected tomeet World Trade Organization Director-General Ngozi Okonjo-Iwealaduring the visit.
Read More Details
Finally We wish PressBee provided you with enough information of ( Can they make a deal? US-China talks begin )
Also on site :
- NBC Catches Wrath of Fans After Canceling 5 Beloved Shows
- PHOTO COLLECTION: Romania Election Pro-EU Rally
- Michele Val Jean Reunites With ‘Beyond The Gates’ Cast and Crew in Atlanta