After the talks started this Saturday to establish an agreement in the middle of a tariff war, China and the US Negotiations will continue on Sunday.
As it was known, No immediate indication was known After the meeting that lasted more than 10 hours between representatives of the US Treasury and the Chinese mandate.
The data on the continuity of the negotiation was thrown by an official, from anonymity, in dialogue with the Associated Press (AP) agency. The conversations were marked by secrecy and none of the parties made statements to the press at the end.
Negotiations between the US and China began by tariffs
Commercial exchange between USA and China reached US $ 660,000 million in 2024 And he was paused since the president Donald Trump It imposed combined tariffs of 145% and the Asian country responded to 125% the tax on US imports. Now, this Saturday began the talks to resume negotiations.
There would be an apparent disposition of Trump of backward your commercial escalation, after social Truth suggested to reduce the Tax to Chinese products to 80%.
USA-China tariffs: conversations began
“80% of tariffs to China seems correct! It depends on Scott B.,” he wrote, in reference to his Treasury Secretary Scott Besentresponsible for carrying out conversations in Geneva.
Trump paused for 90 days the customs rates announced the call Liberation Day, April 2against the countries with which the US maintains trade deficit. But the conflict with China had no truce.
The tension dates back to the first mandate of the Republican, who complained about some commercial practices in technological matters by Beijing, but the retake of the conflict was so violent that he fears for an impact on the global economy.
What to expect from the meeting in Geneva
Since the commercial war began, China – descaler – responded with strong tariffs to each new imposition of Trump rates. On May 9 the White House spokesman, Karoline Leavitthe informed that the president expects “see concessions on his part too.”
In turn, the Republican clarified during an executive orders firm in the Oval Office, showing his confidence that he will be reached “A fair agreement for both”. The conflict meant to the US repeated losses in the stock market, which continued until May 9, with a recoil in the three fundamental indicators: Dow Jones (0.2%), S&P 500 (0.5%) and Nasdaq (0.3%).
In addition, it led to the government’s confrontation with the Head of the Jerome Powell Federal Reservewho expressed his fears of a negative impact on inflation, economic growth and job generation.
“A positive step”
The negotiations in Geneva were qualified as a “positive and constructive step towards the reduction of climbing,” according to the general director of the World Trade Organization (WTO), Ngozi Okonjo-Iweala.
In April, Okonjo-Iweala had expressed his “great concern” for the impact that an eventual “could haveDecoupling “between the two greatest economies in the world. Although trade between China and the United States barely represents the 3% of world merchandise tradethe consequences of a break would be “considerable.”
Trump with Xi Jing Ping.jpg
The president of Switzerland, Karin Keller-Sutter, He made a curious analogy between the negotiations and the choice of Pope Leo XIV. “The Holy Spirit was in Rome. We must expect that now come to Geneva during the weekend,” He joked.
Commercial figures also marked the pace of conversations. China reported an 8.1% increase in its exports for Aprilwidely exceeding analysts’ expectations. However, Exports to the United States collapsed 18%. Faced with this, Karoline Leavitt, White House Press Secretary, warned that Trump “It will not unilaterally go down tariffs to China “ and demanded “concessions.”
Source: Ambito
