Tariff talks start between American and Chinese officials in Geneva star-news.press/wp

Geneva – The American Minister of Treasury and the American Best Selling Staff started with High Chinese Officials in Switzerland on Saturday, aimed at de-escalate the dispute that will reduce trade between the two largest economies and damage the global economy.

News Agenc Xinhua says the Secretary of the Treasury Scott Bessent and the U.S. trade representative Jamieson began meetings in Geneva with the Chinese delegation led by the vice president.

Diplomats on both sides have been confirmed that the talks began, but spoke anonymous and the exact location of the conversation was not published.

The prospects for a big breakthrough look obscured. But there is hope that two countries will increase mass taxes – tariffs, they clapped each other goods, move that would mitigate world financial markets and companies on both sides of the Pacific Commerce.

US President Donald Trump Last Month raised us tariffs in China In a combination of 145%And China refreshed by hitting American imports with 125% of the bills. The tariffs that are high in essence the amounts of the country “are boycotted with one other products, interfering with trade that last year at the top of $ 660 billion.

Even before the start of the conversation, Trump suggested on Friday that now could lower their tariffs on China, speaking to the truth of the social post ” 80% of the tariff looks right! To scott. “

Sun Yun, the director of the Chinese program in the center of Stimson, would notice that they would be the first time they talked about that and the bright spot talked. And she suspected of the Geneva meeting will produce any essential results.

“The best scenario is for two sides to agree to remove tariffs …,” she said, adding even a little reduction would send a positive signal. “It can’t be just words.”

From return to the White House in January, Trump has aggressively used tariffs as his favorite economic weapon. There are, for example, imposed 10% import tax from almost every country in the world.

But the fight with China was the most intense. Its tariffs in China involve a 20% collection mean to press Beijing to work more to stop the flow of synthetic opioid Fentanil into the United States. The remaining 125% includes a dispute dating in Trump’s first time and comes in the atop of the tariff in China, which means that the total tariffs in a Chinese slave can exceed 145%.

During the Trump’s first term, the United States stated China uses an unjust tactic that will give itself in advanced technologies such as quantum and driver cars. These include forcing American and other foreign companies to submit trade secrets in exchange for access to the Chinese market; using government money to subsidize domestic technical firms; and leveled theft of sensitive technologies.

These issues were never fully resolved. After almost two years of negotiations, the United States and China have reached an agreement in January 2020. years have now agreed, not to continue with even larger tariffs in China, and Beijing has agreed to buy more US products. Hard questions – such as Chinese subsidies – have remained for future negotiations.

But China did not pass with the promised purchases, partly, because Code-19 disrupted global trade immediately after one truce was announced.

The struggle due to Chinese technical policy is now continuing.

Trump also bred the American mass trade deficit with China, which last year had a $ 263 billion.

In Switzerland, Besen and Greer also plan to meet with the Swiss President Karin Keller-Sutter.

Trump last month suspended the plans for the shamar for 31% of the tariff in Switzerland Robbie – more than 20% of the incomes were recorded from the European Union. For now, he reduced these taxes to 10%, but it could have raised them again.

The government in Bern takes a cautious approach. But he warned of influence on key Swiss industries such as watches, coffee capsule, cheese and chocolate.

“Increasing trade tensions is not in Switzerland. The protrement against the US tariffs would increase the costs of the Swiss Economy, especially imports from the US more expensive, adding that the executive branch” is not planned at this time. “

The government said Swiss exports in the United States on Saturday on Saturday, additional 10% of tariffs, and another 21% starting on Wednesday.

The United States is the second largest trading partner in Switzerland after the EU – 27-member states, a block that almost surrounds the rich Alps country more than 9 million. The American Swiss trade and services has gave way in the last two decades, the government said.

The Swiss Government said Switzerland revoked all industrial tariffs 1. January, which means that 99% of all goods from the United States can be introduced into Switzerland without load.

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Wiseman and Tang reported from Washington.

2025-05-10 11:01:00

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