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The first meeting for violating the US-China trade was held in the basement of the IMF headquarters, organized under the cover of the secret about three weeks ago, almost three weeks ago.
US Treasury Secretary Scott Bessent, who took part in the IMF Spring meetings in Washington, met to discuss the nearest of China Finance Minister Lan Fo’an Accident in trade Among the two largest economies in the world, according to the people familiar with the issue.
The previously reported match was the first high-level meeting between the Andigion Ceremony of Donald Trump and the United States and Chinese officials Was tatruff. Treasury refused to comment on the secret meeting.
Negotiations This weekend, Bessent and Lifeng in Geneva in Geneva, the premiere of China agrees with a ceasefire that will hit the relevant tariffs for 90 days.
Despite both sides, they were ready to go in to drive long, reconciliation proved easier and faster than expected. Multiple questions have significant effects for negotiations to come: For the first time in Beijing or Washington?
Trump He claimed victory by saying that China used the “total reset” on Monday. Meanwhile, the former editor of the National Communist Party Hu Xijin, the transaction of the social media was “great victory for China” in the social media.
“The United States has been exposed to chicken chicken.”
Economists have accepted the fact that the US tariffs can surpriate their hand very quickly and very high. “The United States flashed first,” Alicia García-Herrero, the Asian-Pacific economist in the French Investment Bank NATIS. “He thought that the tariffs could almost limit without harm, but this was not proven correctly.”
Each of the United States and China argued that the other is more sensitive to tariffs. However, the accents in Geneva said that the speed of the speed of the trade war is severe pain on both sides.
A hard branch of the world’s two largest economies, Chinese workers and American consumers threatened work for higher inflation and empty shelves.
Craig Singleton, the Protection of Democratic Democratic Democratic Democratic Democratic Singleton, said he suggested that “both sides more economically boxed”.
Although Pekin Trump fought with Washington with the Tariffs, China’s talks still do more to repair the playground; The United States still maintains higher tariffs in China than another country.
Capital Economics calculated that the United States will remain about 40 percent of the total tariffs for Chinese goods in the United States, which is about 25 percent in the United States. Experts also warned that there will be a harsh road to ensure a further sustainable deal.
“The US-China trade talks will be like a rollercoaster,” he said. “Markets can breathe from a temporary comfort, but we will never be in any place from the forest.”
Beydan, Bessent warned that high levels of tariffs are not sustainable and an effective embargo on US-China trade.
The ceasefire narrowed China enough to keep China in the United States for extremely valuable manufacturers.
Alfredo Montufar-Helu, the President of the Chinese Center in New York, said it would be impossible for Chinese manufacturers to replace the 145 percent of the United States. “But I think most imports of the Chinese will restore our competitiveness.”
Before the talks in Geneva, Bessent said they said they had achieved the extensive economic and trade deal of the two sides, he said he needed “to move before leaving”.
However, during Monday, Washington hit an optimistic note by showing that the first stage of the US-China trade war could be characterized by the initial stage of the US-China Trade War.
These are Peckin, who agreed to take the amount of the amount of goods produced by Beijing and the United States, but they were broken by the pandemic. “The biggest bilateral trade deficit will have the opportunity to take contracts to have a balance.”
Bessent and Greer also voiced the opportunity to agree with China to curb human trafficking to the United States with China and Fentanyl.
“This weekend was a reverse surprise for me, the level of Chinese tab in the Fentanl crisis,” he said.
According to him, the Chinese delegation said the “US National Security team is a very strong and highly detailed discussion with anyone.”
For Beijing, Fentanyl deals can delete a 20 percent point of the remaining tariffs applied by Trump, China places in a level playground with other countries exporting to the United States.
China will still face tariffs inherent in the sector, such as electric vehicles. However, other countries will also be subject to tariffs in similar sectors.
Even with this respite, economists warned that bilateral relations were worried, and the unexpected policy of the unexpected policy of the expected policy of the Expected policy to try to diversify export markets and stimulates more domestic demand.
Chinese exporters would likely use the 90-day window for negotiations for more exports, which can lead to another increase in trade surplus by the United States.
“A sustainable resolution remains difficult, taking into account the complex bilateral connection,” said Robin Xing, economist in Morgan Stanley
With the additional report by Wenjie Ding in Beijing
