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Representational image shows people enjoying their time on a hill overlooking Yantian port in Shenzhen, Guangdong province, China May 9, 2025. — Reuters
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Geneva: The United States and China will continue to discuss trade talks in Geneva today, after holding a debate on their first visits on Saturday, resolving President Donald Trump’s business war by sweeping.
The talks took place when the two countries are locked up in tariff battle, but there is no sign yet.
Geneva Mate is the first high -level meeting between these two powers, since President Donald Trump slapped the sweeping rates last month.
US Treasury Secretary Scott Basant and Trade Representative Jameson Greer met with the Chinese Vice Premier, when Trump slapped a new Levies standing on China last month for such talks between the world’s two largest economies, which had strongly retaliated with Beijing.
According to an individual familiar with the dialogue, the debate is expected to resume on Sunday in Swiss City, which did not have the authority to speak publicly.
“Contact in Switzerland is an important step in promoting the solution to the problem,” said a comment published by China’s state news agency Xinhua.
It did not provide further details about the progress of closed door debates, which began in the middle of the week.
The talks took place at the Swiss ambassador’s residence in the United Nations in Geneva, a cautious village with a Sky Blue Shutter near a large park on the left side of the Geneva Lake.
Trump’s revenue imposed by Trump since the beginning of this year has been 145 percent of the year, with overall US duties on some Chinese goods.
In retaliation, China slapped 125 percent of Levies on US goods, and overcome that trade sanctions between the two countries were closely visible.
Trump on Friday indicated that he could reduce the sky over the Chinese imports, and suggest that “80 % tariffs on China look fine!”
“Would want to do the job with President China,” US Trade Secretary Howard Lotank told Fox News on Friday. ” “He would like to end the situation.”
Trump’s press secretary Karin Lavit made it clear that the United States would not unilaterally reduce revenue, and that China would need privileges.
In any case, the move to this level will be a symbolic gesture, as the revenue will stand forbidden.
‘Not good’ relationship
“Relationships between Washington and Beijing are not good,” said Bill Renins, senior adviser at the Center for Strategic and International Studies.
“We have trade competitive taxes in both directions,” said Rens, a long -time US -China Economic and Security Review Commission, a bilateral committee advising Congress. Relations are deteriorating. “
“But the meeting is a good sign.”
“I think it is basically to show that both sides are talking,” said Suu Bin, a professor of economics and finance at China Europe International Business School. And this is very important. “
He told AFP, “Because China is the only country with a tight -tet tariff against Trump’s prices.”
Basant has said that meetings in Switzerland will focus on “de Scalaism” and not the “major trade agreement”.
Beijing has insisted that the United States has to raise prices first and have pledged to defend its interests.
“Trade wars and tariff battles do not win any winners,” said a commentary piece of Sinhava early Sunday.
10 % ‘baseline’
The Chinese Deputy Prime Minister on Friday increased the debates through the news that China’s exports increased last month despite the trade war.
Unexpected development was attributed to the re -trade in Southeast Asia by experts to reduce US prices.
Basant and he were meeting two days later when Trump unveiled a trade agreement with the UK, after the first agreement with any country when he cleaned the global prices.
A five-page with London, a non-binding agreement has confirmed to nerve investors that the United States is willing to discuss specific relief related to the sector with recent duties-in this case, on British cars, steel and aluminum.
In return, the UK agreed to open its markets for US beef and other farm products.
Levit told reporters on Friday, but most British goods remain on the baseline levy, and Trump is “committed” to other countries to maintain it.
After a few hours, Trump appeared to be contradictory, suggesting that the baseline could have some flexibility – but only if the exact deals could reach.
“There may be a discount at some point,” he said.
“If anyone did something unusual for us, this is always possible.”
