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The resumption of American -Chinese talks to defuse the trade war Economy news

manhattantribune.com by manhattantribune.com
11 May 2025
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The resumption of American -Chinese talks to defuse the trade war Economy news
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11/5/2025–|Last update: 15:28 (Mecca time)

US and Chinese officials met again today in Geneva to resume talks that started yesterday, Saturday, with the aim of calming the trade war that threatens to cause serious harm to the global economy, two sources familiar with Reuters said.

Gather Li Feng The Chinese Deputy Prime Minister is approximately 8 hours yesterday, Saturday, with US Treasury Secretary Scott Besent and American commercial actor Jimson Jarir, in their first direct meeting since the exchange of the two largest economies in the world imposing customs duties that are more than 100% on goods.

None of the two sides commented on the content of the discussions yesterday, or indicates any concrete progress towards reducing large commercial barriers with the conclusion of meetings at the residence of the Swiss ambassador to the United Nations.

But US President Donald Trump later praised the talks, saying that the two sides were negotiating with “a complete reset (for commercial relations) … in a friendly but constructive way.”

“It was a very good meeting with China today in Switzerland. We discussed a lot of things and agreed to a lot,” Trump wrote on the Truth Social for social media.

“We want to see a Chinese openness to American companies, for the benefit of China and the United States. Modest progress has been made,” he added.

Trump did not give details of the progress made.

Switzerland was chosen to meet after the proposals of Swiss politicians during their recent visits to China and the United States.

Mutual escalation

The meetings come after weeks of mutual rhetorical escalation, in which each party sought to photograph the other as the weakest and the most in need of agreement.

Despite the apparent atmosphere of challenge, the data indicate that there is a mutual desire to break the stalemate, without any party seemed to be a retreat.

“The talks are now starting because the two sides believe that they can move without understanding the matter as being subject to the other.”

In the past Friday, Trump has announced the possibility of reducing customs duties on China from 145% currently to 80%.

In this context, Beijing and Washington sought to draw the novel for each of the backgrounds of the launch of the dialogue. Chinese Foreign Ministry spokesman Lyn Jian stressed that the talks came with an American request, while the Chinese Ministry of Commerce described the step as a direct response to the “American companies and consumers’ calls.”

On the other hand, the American president adopted a contradictory speech, when he said from the White House that “the Chinese side is the one who strongly wants to complete the agreement because their economy is collapsing,” adding “if they say that we are the one who started, they should review their archive well.”

Tags: AmericanChinesedefuseeconomyNewsresumptiontalkstradewar
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