Trade conflict
USA and China plan to do the first talks
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 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.
According to Beijings, the USA recently contacted China in the hope of being able to talk about the “tariffs and other questions”. For this purpose, high-ranking US officials would have given information. China has now carefully checked these US information. At the same time, the Ministry of Commerce emphasized that a dialogue could only take place on mutual respect and eye level. A solution through negotiations could only be made if the United States became aware of the effects of its customs measures and corrected its incorrect practices.
Better: first of all about de -escalation
In an interview in the Fox News news station, the finance minister said that he assumed that both sides agree on what they want to talk about at the meeting. “I have the feeling that it is about a de -escalation, not about the big trade agreement, but we have to de -escalate before we can move forward.”
Meeting on Saturday and Sunday
Bessent said he had to travel to Europe to negotiate with Switzerland about the trade conflict. Then it turned out that the Chinese team will also be through Europe and in Switzerland. “So we will meet on Saturday and Sunday,” said Bessent. The United States and China would have a common interest in agreeing. The high current tariffs are equivalent to an embargo.
Since the escalation in the trade dispute between the two largest economies in the world in early April, US President Donald Trump has been imposed 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
