U.S.-China Trade Talks Signal Possible Thaw in Relations
HONG KONG — U.S. and Chinese officials are set to meet in Switzerland this week, hinting at a potential easing of tensions in their ongoing trade war. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will engage with Chinese economic lead He Lifeng, in a move seen as a precursor to broader negotiations.
Bessent emphasized on Fox News that current tariffs, some reaching 145% on Chinese goods and 125% on U.S. exports, are unsustainable, describing them as akin to an embargo. "We don’t want to decouple; we seek fair trade," he stated.
As both nations grapple with the repercussions of their tit-for-tat tariffs, global investors are eagerly awaiting signs of resolution to avert a looming recession. Economist Alicia Garcia-Herrero remarked that both parties appear ready to negotiate, while political analyst Ming Jinwei urged that the U.S. needs to adopt a more realistic view of China’s economic resilience.
Although talks in Switzerland signal hope, a spokesperson from China’s commerce ministry reiterated their commitment to principles over mere agreements. Experts predict the U.S. may reduce some tariffs while keeping 20% duties, framing any outcome as a limited concession to satisfy domestic narratives.
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