🗞️ Representatives from the United States and China will meet in Geneva to initiate a possible process of détente in trade relations between the two countries. The meeting will bring together U.S. Treasury Secretary Scott Bessent and chief U.S. trade negotiator Jamieson Greer, along with China's economic czar, He Lifeng.
The meeting, confirmed by both sides, comes after weeks of tariff escalation that led rates on certain products to exceed 100%, a situation that Bessent compared to a true trade embargo. The tension has had a strong impact on global supply chains and increased fears of economic slowdown.
According to sources linked to the negotiations, the agenda is expected to include tariff reductions, a review of export controls, and the end of exemptions on low-value imports. For Bessent, the immediate goal is to reduce tensions: “Before moving forward, we need to de-escalate.”
The Chinese Ministry of Commerce confirmed the meeting, stating that the decision to resume dialogue takes into account global interests, those of China itself, and the appeals of U.S. consumers and businesses.
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