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.
Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year...
Ukrainian troops and engineers will train their Polish counterparts in a joint group on countering drones, Ukraine's defence minister Denys Shmyhal sa...
President of the Republic of Azerbaijan Ilham Aliyev received Marta Kos, the European Commissioner for Enlargement, in Baku on 18 September....
The Ambassador of Afghanistan to Russia, Ghulam Hassan, has met with Zamir Kabulov, Moscow’s Special Envoy for Afghanistan, to discuss deepening tie...
FBI chief Kash Patel told the U.S. Senate on Tuesday there was “no credible information” that Jeffrey Epstein trafficked women or underage girls t...
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.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year, securing record investments to revive the economy while committing to an increase in defence spending.
Ukrainian troops and engineers will train their Polish counterparts in a joint group on countering drones, Ukraine's defence minister Denys Shmyhal said on Thursday, a week after Russian drones flew into Poland.
The Ambassador of Afghanistan to Russia, Ghulam Hassan, has met with Zamir Kabulov, Moscow’s Special Envoy for Afghanistan, to discuss deepening ties and regional engagement, the Afghan embassy in Moscow said on Wednesday.
FBI chief Kash Patel told the U.S. Senate on Tuesday there was “no credible information” that Jeffrey Epstein trafficked women or underage girls to anyone but himself, as he defended the bureau’s decision to close its review.
As well as a text message, the suspect accused of assassinating right-wing activist Charlie Kirk in Utah also wrote a physical note message before the shooting that he planned to kill Kirk, FBI Director Kash Patel said on Monday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment