The United States delegation will be headed by Besent, who will travel to Switzerland this Thursday with the trade representative, Jamieson Greer. This was officially confirmed.
The two main economic powers of the world will seek to reduce tensions after weeks of commercial climbing. Washington and Beijing will sit to the negotiating table this weekend in Switzerland, in what represents the first serious attempt of Descale the tariff war initiated recently. This was confirmed by the US government through an official statement.
The United States delegation will be headed by the Secretary of the Treasury, Scott Besentwho will travel to Switzerland this Thursday with the Commerce Representative, Jamieson Gerer. “Economic security is national security, and President Donald Trump is leading the way to a stronger and more prosperous United States,” Besent said before leaving.
In Swiss territory, the Treasury Secretary will hold a meeting with HE LIFENGmain economic negotiator of the Chinese government, while Greer will do the same with his counterpart to address strictly commercial issues. In addition, Besent will take advantage of her stay to meet with the president of Switzerland, Karin Keller-Sutterwithin the framework of bilateral negotiations after tariffs imposed by Washington to the European country.
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In statements to US mediaBesent acknowledged that the current levels of tariffs —145% in the case of the United States and 125% by China— They are “unsustainable” and comparable to a mutual “embargo” which seriously affects bilateral trade. However, he clarified that they do not seek to break links with China, but to achieve conditions of “fair trade.”
“My expectation is to maintain productive conversations that help rebalance the international economic system and defend the interests of the United States,” said the official. He also warned that this first approach does not aim to seal an immediate commercial agreement, but rather to alleviate tensions: “Before moving forward, it is necessary to descale,” he concluded.
From Beijing, The Ministry of Commerce expressed that he expects a “sincere” attitude of Washington in the negotiations, and demanded to correct “wrong practices” to be able to address mutual concerns through a fair dialogue. “If one thing is said and another one is done, or if you try to continue with coercion and blackmail under the pretext of the negotiations, China will not accept it. We will not sacrifice our principles or international equity to obtain an agreement,” the commercial portfolio warned.
Source: Ambito
