First high-level talks on trade conflict between USA and China Secretary of the Treasury Scott Bessent (63) will go on 8 May to Switzerland, where it will meet the leading economical typical of the People's Republic of China, informed the U.S. Treasury Department.
The Chinese Ministry of Commerce and Chinese state media besides confirmed the gathering of both parties. According to this information, Deputy Prime Minister He Lifeng (70) meet Bessent in Switzerland. Given the global expectations, the interests of the Chinese side and the appeals of the American manufacture and consumers, the Chinese side has decided to make contact with the American side, as stated in the Communication.
According to Beijing, the United States has late contacted China, hoping to discuss "customs and another issues". Highly-ranked American officials have provided information on this matter. China carefully analysed US statements. At the same time, the Ministry of Trade stressed that dialog can only be held on the basis of common respect and equality. A solution through negotiations would only be possible if the United States realised the effects of its tariffs and corrected its incorrect practices.
Bessent: First of all, deescalation
The finance minister said in an interview with Fox News that he expects both sides to agree on the issues they want to discuss at the meeting. "I think this is about deescalation, not a large trade deal, but we gotta deescalate before we can decision forward."
Bessent said he was planning to go to Europe to negociate a trade dispute with Switzerland. Then it turned out that the Chinese squad would besides travel across Europe and be in Switzerland. "We will meet on Saturday and Sunday," said Bessent. The United States and China have a common interest in reaching an agreement. The current advanced duties are equivalent to the embargo.
