Trade conflict
USA and China are planning to tarnish talks in Switzerland
US President Trump has imposed high tariffs on imports from China. Now there is a high -ranking meeting.
The first high -ranking talks have been announced in the trade conflict between the USA and China. Finance Minister Scott Bessent will travel to Switzerland on May 8 and also meet there with a leading business representative of the People’s Republic of China, the US Ministry of Finance said. The ministry left open who he would meet with.
The Chinese Ministry of Commerce and China’s state media also confirmed a meeting between both sides. Accordingly, Vice Prime Minister He Lifeng will meet better in Switzerland. Taking into account the global expectations, the interests of the Chinese side and the appeals of the US industry and the consumer, the Chinese side decided to contact the US side.
Since the escalation in the commercial dispute between the two largest economies in the world in early April, Trump has imposed up to 145 percent additional tariffs on goods imports from China. In return on imports from the USA, Beijing demands surcharges of 125 percent.
Trump had recently contradicted the question of whether there were discussions between the USA and China. At first he claimed that there was an exchange with Beijing. The Chinese foreign office denied this.
dpa
Source: Stern
