🕊 US-China trade talks begin this week in Switzerland, but is a deal still far from final?
🇺🇸 US Treasury Secretary Scott Bessent will meet with Chinese Vice Premier He Lifeng this weekend in Switzerland.
- Main goal: Cool down tariff tensions, not discuss big deal.
- Not in America, not in China, but in a neutral country.
💥 Reason:
🇺🇸 The US imposes tariffs of up to 145% on Chinese goods.
🇨🇳 China retaliates with 125% tax
- Mr. Bessent said on Fox News:
“This kind of tax is no different from an embargo. We need to cool down before continuing negotiations."
🧭 China declares:
- Will not give in if America says one thing and does another.
- If the US pressures too much, China will not play.
- China's Ministry of Commerce made it clear: "No justice, no deal!"
📉 President Trump said firmly:
- We don't lose anything if we don't trade with China.
- Even said: American children do not need 30 dolls. 3-4 are enough!
📉 The market is not so happy:
- Investor Paul Tudor Jones predicts Trump could cut tariffs on China in half
- But it is still not enough to save the market if the Fed does not lower interest rates.
In short:
- If this cooling down talk goes well, it will bring a good deal for Trump and Tap.
- If you two want to do business long term, don't play the tax bombing game and negotiate with smiles.