Trade conflict
Minister from China and the USA are talking about tariffs for the first time
US President Donald Trump triggers stress in world trade with his high tariffs. He in particular took China into the strangle. Now there is talk, but both sides dampen the expectations.
The United States and China are striving for an approximation in the customs dispute this weekend in Geneva. It has been the first time since US President Donald Trump clearly attracted the customs screws that senior representatives of both sides talk about the topic.
In the Swiss city, US Finance Minister Scott Bessent, US trade officer Jamieson Greer and the Chinese Vice Prime Minister He Lifeng meet.
Trump has constantly screwed the tariffs to Chinese goods up to 145 percent since taking office in January. China reacted with counter -tariffs of 125 percent. So far, the countries have not approached each other, but tried to give the impression that they are sitting on the longer lever.
Signs of de -escalation
Recently, however, signs increased that the USA are ready to reduce tariffs. Trump wrote on his social media platform Truth Social, 80 percent on Chinese products may be appropriate. An expert from the risk analysis company Eurasia Group, Dan Wang, told the British broadcaster BBC, recent signals on both sides made an early de -escalation.
China emphasized in advance that the USA had asked Beijing for discussions. For a long time, Beijing had insisted that the United States will withdraw the tariffs before trading talks. However, a spokesman for the Ministry of Commerce said that the Chinese interests and the appeals of US companies and consumers were approved. The United States would have to correct its mistakes.
Besser: The USA only wanted fair trade
US Finance Minister Bessent told Fox News news channel that it was not about a trade agreement, but initially about de-escalation. The United States and China are both interested in an agreement. The current height of the tariffs would be a trade embargo. The USA only wanted fair trade.
Great Britain was the first country to announce a deal with Trump on Thursday. The USA reduces threatened tariffs to a certain number of cars from Great Britain from 27.5 to ten percent, in return trade barriers are mined for agricultural products.
The EU is still negotiating. If there is no agreement, additional US tariffs come in July. Brussels wants to react with additional special levies to cars, sweet potatoes and whiskey.
Notification of the US Ministry of Trade, English communication by the Chinese Ministry of Commerce, Chinese
dpa
Source: Stern
