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 with a view to rebalancing the international economic system to better serve the interests of the United States,” the US Minister Scott Bessent said in a statement, before his trip he begins on Tuesday.
Chinese Deputy Prime Minister He Lifeng went to Switzerland from May 9 to 12 at the invitation of the Swiss government, Detailed the Chinese Minister for Foreign Affairs 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.
Beijing and Washington would not have started commercial negotiations
Donald Trump imposed, in early April, products imported from China in the United States, customs duties of 34% in the United States, which were added to the 20% existing. This first salvo gave rise to a series of aftershocks, which brought the customs duties applied to China to 145% by the United States for many products and to 125% for those who strike American products that enter 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 committee that United and China had not yet started commercial negotiations, contradicting the statements of the American president who has reportedly reported on the two countries.
