Trade negotiations between the United States and China took an important step forward this weekend. After two days of intense meetings in Geneva, US Treasury Secretary Scott Bessent announced on Sunday (11) that there had been “substantial progress” in talks with Chinese representatives on import tariffs.
The meetings began on Saturday (10) and were attended by key figures, such as Chinese Vice Premier He Lifeng and US Trade Representative Jamieson Greer. The first meeting, which lasted about eight hours, was described as productive and paved the way for a possible agreement between the world's two largest economies.
Greer stressed that the differences between the countries are smaller than expected. “These were two very constructive days. It is important to understand how quickly we were able to reach an agreement,” said the American representative.
More details on the results of the negotiations will be released this Monday (12), which increases the global market's expectations for possible changes in trade policies between the two powers.
These advances indicate a possible economic rapprochement between Washington and Beijing, which could have positive repercussions for global trade and for investors paying attention to the geopolitical scenario.
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