Trade war –
Chinese and Americans will meet in Switzerland
The US Treasury Secretary goes to Switzerland for discussions with China on Trade.
Scott Bessent, secretary of the United States Treasury, at the White House, on May 6, 2025.
AFP
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The American Minister of Finance and the Chinese Deputy Prime Minister will meet in the coming days in Switzerland, Washington and Beijing said on Tuesday, with the customs dossier imposed by Donald Trump on China, who replied.
“I can’t wait to conduct productive discussions in order to rebalance the international economic system to better serve the interests of the United States,” the US Minister Scott Bessent, before his trip he begins on Tuesday.
Chinese Deputy Prime Minister He Lifeng went to Swiss Confederation from May 9 to 12 at the invitation of the Swiss government, Detailed the Chinese Foreign Minister in a statement.
This member of the political bureau of the Central Committee of the Chinese Communist Party will have Scott Bessent “as a referent for economic and commercial issues between China and the United States,” said the ministry.
-Untenable levels
Donald Trump imposed, early April, products imported from China in the United States, 34% customs duties, which were added to the 20% existing. This first salvo gave rise to a series of aftershocks, which have borne customs duties applied to China to 145% by the United States for many products and 125% for those who strike American products entering the People’s Republic.
These levels are deemed untenable by most economists, to the point of hovering over the United States and China, but also probably beyond, a risk of recession, which would be accompanied by a prices.
Tuesday, Scott Bessent said before a parliamentary commission that the United States and China had not yet started commercial negotiations, contradicting the statements of the American president who has reportedly reported on the two countries.
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