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After weeks after weeks, the United States and China are finally assigned to hang a potential potential for a potential escalation trade war between the two largest economies in the world.
According to US government statements, the US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will go to Switzerland, where he is planned to meet with Chinese Vice Premiere He Lifeng, Beijing’s Economic Representative. The meeting will take place between 9 and 12 May.
Chinese Foreign Ministry confirmed Switzerland is also traveling to Switzerland, which will meet Swiss officials.
Last Friday, the Ministry of Trade of China gossip One proposal from Washington to start negotiations was “evaluation”, and high-ranking US officials have repeatedly said they are ready to start trade with Beijing. US President Donald Trump claimed In late April, Chinese President Xi talked about tariffs, but refused to give any features.
The scheduled meeting in Switzerland is the first public obligation to start trade talks in China in February in February.
The revenge between the United States and China has raised the tariffs to amazingly high levels. China currently applies 125% tariffs to US goods, and the United States applies 145% tariffs to Chinese goods. However, both governments woke up sweeps for goods like pharmacy, semiconductors and consumer electronics.
Despite the news that the Asian markets can start sketching the United States and China, he has difficulty. Hong Kong’s hanged Seng index, 0.2%, Mainland China CSI 300, Hong Kong Time, until 4:00. US future futures, at the same time reflect a similar feeling with Dow Jones futures and S & P futures.
Again, the escalation can be a pleasant news for the two largest economies around the world because the Trump’s trading war began to give a trade war effect.
Data from the end of April is no longer a put on a drip Gene Seroka recently in Los Angeles port import from China to the United States notier These retailers can soon remain in full inventory of five weeks. Low stocks may mean higher prices and supplies of the supply chain.
Chinese declared The main policy is to strengthen the economy, including Wednesday, rate cut.
This story was first displayed Fortune.com
