Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope
GENEVA (AP) — The U.S. Treasury Secretary and America’s top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy.
The Xinhua News Agency says Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson have begun meetings in Geneva with a Chinese delegation led by Vice Premier He Lifeng.
Diplomats from both sides also confirmed that the talks have begun but spoke anonymously and the exact location of the talks wasn’t made public.
Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive taxes — tariffs — they’ve slapped on each other’s goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on U.S.-China trade.
https://apnews.com/article/china-trump-trade-tariffs-bessent-economy-71a6e410a0e5771c70ac853563a8b75d