Trade conflict
Talks USA-China about customs dispute continue
The United States and China struggle for an approximation to get bilateral trade going again. What you agree behind closed doors in Geneva is still not known.
Ranghohe representatives of the United States and China have continued their talks about a solution in the customs dispute in Geneva. The meeting between US Finance Minister Scott Bessent and the Chinese Vice Prime Minister He Lifeng takes place behind closed doors. After the first two rounds of talks on Saturday, none of the pages commented on the content. US President Donald Trump only said that great progress was made, but did not give any details.
Trump had escalated the trade disputes between the two largest economies in the world after taking office with massive tariffs on Chinese products. They are currently 145 percent. China reacted to US products with 125 percent tariffs. The show of strength has an impact on the entire global economy, with particularly devastating consequences for developing and emerging countries. Trump accuses China of unfair trade practices.
Meanwhile, Beijing actively advertises other trading partners. The “oversized market” of China offers more options for products from Latin America and the Caribbean, said a high -ranking official of the Foreign Ministry on Sunday. At a forum with government representatives of the community of Latin American and Caribbean states (Celac) next week in Beijing, cooperations in raw materials, food and infrastructure are to be decided.
Notification of the US Ministry of Trade, English communication by the Chinese Ministry of Commerce, Chinese
dpa
Source: Stern
