Top U.S. officials, including Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, will meet with Chinese counterparts in Switzerland this weekend for high-level trade talks. The talks come after escalating tariffs between the two nations, sparking concerns over economic impact.
Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland, marking the first significant talks between the two countries since President Donald Trump instigated a trade war with tariffs on imports. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with their Chinese counterparts in Geneva, marking the most senior-level discussions between the two nations in months.
The meeting comes at a time of growing concern in the U.S. over the economic impact of the trade war, which has led to higher prices and disrupted supply chains for consumer goods. China, the world's largest exporter, has borne the brunt of Trump's tariffs, with retaliatory tariffs from China now standing at 125%, while U.S. tariffs on Chinese goods have reached 145%.
According to a Chinese ministry spokesperson, the decision to engage in talks followed careful evaluation of global expectations, Chinese interests, and calls from U.S. businesses and consumers. However, the spokesperson emphasized that China would not sacrifice its principles or global equity in any agreement.
Economists warn that the escalating tariffs have already started to affect U.S. consumers, raising the costs of everyday goods such as groceries, autos, and housing. The risk of a recession is also growing, with many analysts predicting further economic strain due to the ongoing trade conflict.
Wendy Cutler, a former U.S. trade official, welcomed the talks, describing them as a valuable opportunity to discuss unwinding some of the tariffs. She cautioned that the process would take time, and quick resolutions should not be expected.
In addition to the trade discussions, Bessent and Greer are also set to meet with Swiss President Karin Keller-Sutter, with both U.S. officials having held prior discussions with their Chinese counterparts before the onset of the trade war.
On Monday, Egypt will host an international peace summit in the Red Sea city of Sharm el-Sheikh, co-chaired by Egyptian President Abdel Fattah al-Sisi...
On the evening of 11 October, thousands of Israelis gathered at Hostages Square in Tel Aviv to mark the halt of fighting in the Gaza Strip and the imp...
Eight more matches took place today in the European qualifiers for World Cup 2026....
U.S. President Donald Trump said on Friday that the United States would impose 100% tariffs on Chinese goods and restrict the export of “critical so...
Three Qatari diplomats have been killed in a car accident in Egypt’s Red Sea resort city of Sharm el-Sheikh, two security sources told Reuters on Su...
U.S. Treasury Secretary Scott Bessent left ongoing trade talks with China on Tuesday to return to Washington, D.C., where he is scheduled to testify before Congress.
U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak this week to discuss recent trade tensions, White House press secretary Karoline Leavitt said.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
The imposing figures of three Confederate leaders, carved into the granite face of Georgia’s Stone Mountain, have loomed over the landscape outside Atlanta since the 1970s, a silent tribute to the Southern cause in the U.S. Civil War.
Europe must strengthen its own digital infrastructure to lessen reliance on U.S. providers, though this should not mean cutting ties with them entirely, Germany’s Digital Minister Karsten Wildberger told Reuters.
U.S. Ambassador to India Sergio Gor said he held talks with Indian Prime Minister Narendra Modi, focusing on key bilateral issues including trade, defence, and technology.
Japan’s Expo 2025 in Osaka continues to draw large crowds, welcoming more than 100,000 visitors daily and attracting 25 million since opening nearly six months ago.
On Monday, Egypt will host an international peace summit in the Red Sea city of Sharm el-Sheikh, co-chaired by Egyptian President Abdel Fattah al-Sisi and U.S. President Donald Trump.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment