Negotiations between China and the USA continue

The vice -first Chinese minister, He lifeng, He met on Saturday for about eight hours with the United States Secretary of the Treasury, Scott Besentand the trade representative, Jamieson Greer, in his first face to face since the two largest world economies imposed tariffs far superior to 100% of the products of the other.

None of the parties made comments on Saturday about the background of discussions nor did he indicate any concrete advance towards the reduction of the strong commercial barriers at the end of the meetings in the residence of the Swiss ambassador to the United Nations.

However, later, the president of the United States, Donald Trumpmade a positive reading of conversationssaying that the two parties had negotiated “a total restart (…) in a friendly, but constructive way.”

“A very good meeting today with China, in Switzerland. Many things discussed, much agreed,” Trump published on his social truth platform. “We want to see, for the good of both China and the United States, an opening of China to US businesses. Great progress !!!”, added, without offering more details.

Negotiating teams They are gathering in the Villa del Ambassador to the UN, which has its own private park with a view to Lake Leman, in the lush Cologny neighborhood.

Switzerland was chosen as a meeting place after the efforts made by Helvetic politicians in recent visits to China and the United States.

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”. 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.