Senior U.S. officials will meet with Chinese representatives in Switzerland this weekend as Washington seeks to ease trade tensions and explore a potential path toward a broader deal after weeks of escalating tariffs and retaliatory measures.<\/p>\n\n\n\n
U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent are both scheduled to meet with their Chinese counterparts on Saturday and Sunday, according to Bessent, who discussed the talks in a recent interview on Fox News. <\/p>\n\n\n\n
The meetings will take place in Geneva, where both officials are also scheduled to meet with Swiss President Karin Keller-Sutter and U.S. personnel at the World Trade Organization (WTO), according to press releases issued Tuesday.<\/p>\n\n\n\n
The discussions with China come amid a deepening trade rift triggered by a dramatic hike in U.S. tariffs. Last month, President Donald Trump raised tariffs on all Chinese imports to a minimum of 145%. In retaliation, Beijing imposed retaliatory tariffs on U.S. goods.<\/p>\n\n\n\n
\u201cMy sense is that this will be about de-escalation, not about the big trade deal,\u201d Bessent told Fox News host Laura Ingraham. \u201cBut we\u2019ve got to de-escalate before we can move forward.\u201d<\/p>\n\n\n\n
Speaking earlier this week, Bessent described the ongoing tariffs as \u201cunsustainable\u201d, particularly for Beijing. \u201cA 145 percent tariff is the equivalent of an embargo,\u201d he said. \u201cWe don\u2019t want to decouple, what we want is fair trade.\u201d<\/p>\n\n\n\n
U.S. Trade Representative Greer said that under President Trump\u2019s direction, the administration is working to \u201crebalance our trade relations to achieve reciprocity, open new markets, and protect America\u2019s economic and national security.\u201d He confirmed he will meet with China\u2019s top trade official while in Geneva.<\/p>\n\n\n\n
China\u2019s Vice Premier He Lifeng, the country\u2019s lead negotiator on U.S.-China economic matters, will represent Beijing in the talks, according to a statement from China\u2019s Foreign Ministry reported by NBC News.<\/p>\n","protected":false},"excerpt":{"rendered":"
Senior U.S. officials will meet with Chinese representatives in Switzerland this weekend as Washington seeks to ease trade tensions and explore a potential path toward a broader deal after weeks of escalating tariffs and retaliatory measures. U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent are both scheduled to meet with their Chinese counterparts […]<\/p>\n","protected":false},"author":7,"featured_media":54211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4,3],"tags":[144,3427,2608,3242,151,3426],"class_list":["post-54210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-world","tag-china","tag-scott-bessent","tag-switzerland","tag-trump-administration-tariffs","tag-united-states","tag-world-trade-organization-wto"],"yoast_head":"\n