Top US officials will meet with Chinese delegation in Switzerland in first major talks of trade war
- Top U.S. Officials Scott Bessent and Jamieson Greer will meet Chinese Vice Premier He Lifeng in Geneva later this week for the first major trade talks since 2018.
- The meetings follow years of tension sparked by President Trump's high tariffs that heavily impacted China's export-driven economy and stalled negotiations.
- China recently announced rate cuts and lowered reserve requirements to release about 1 trillion yuan in liquidity aimed at supporting manufacturing and services.
- Pan Gongsheng, China's central bank governor, said the reserve ratio cut would free up significant cash, and U.S. Stocks rose after the trade talks were announced.
- While the talks offer a step toward easing tensions, officials expect a lengthy process with uncertain results rather than a quick resolution to the trade war.
378 Articles
378 Articles
US-China trade talks to be held in Switzerland
The NewsTop American and Chinese officials will meet in Switzerland this week in an attempt to defuse their escalating trade war. US Treasury Secretary Scott Bessent, who has described the tit-for-tat duties as unsustainable, will hold talks with He Lifeng, China’s trade czar and a confidant of the country’s leader — but said they would not result in a deal. On Wednesday, Chinese officials announced broad rate cuts and other measures that could …
China, U.S. to hold talks on economic affairs in Switzerland
Chinese Vice Premier He Lifeng will visit Switzerland from May 9 to 12 at the invitation of the Swiss government, according to the Chinese Foreign Ministry.During his visit, the vice premier will hold talks with Swiss leaders and relevant parties. As
US, China to hold icebreaker trade talks in Geneva on Saturday
US treasury secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step towards resolving a trade war disrupting the global economy.
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