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.
China announced a sweeping inspection of fire-safety standards in high-rise buildings nationwide on Saturday after a deadly fire in Hong Kong left at ...
The death toll from floods and landslides following cyclonic rains in the Indonesian island of Sumatra has risen to 303, the head of the country's dis...
Hong Kong on Saturday mourned the 128 people known to have died in a massive fire at a high-rise apartment complex, a toll that is likely to rise with...
The global recall of Airbus A320 aircraft has triggered widespread disruption across several major airlines, forcing flight cancellations in the Unite...
U.S. investigators have recovered the black box recorders from the wreckage of a UPS cargo plane that crashed in flames on takeoff in Louisville, Kent...
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.
At least 47 people have died and another 21 are reported missing following ten days of heavy rainfall, floods, and landslides across Sri Lanka, local media reported on Thursday (27 November).
Hong Kong fire authorities said they expected to wrap up search and rescue operations on Friday after the city's worst fire in nearly 80 years tore through a massive apartment complex, killing at least 128 people, injuring 79 and leaving around 200 still missing.
U.S. Secretary of Defense Pete Hegseth visited sailors aboard the USS Gerald R. Ford aircraft carrier in the Latin American region on Thursday, amid a military buildup by President Donald Trump’s administration that has heightened tensions with Venezuela.
Rescuers in Sri Lanka are racing against rising floodwaters and treacherous terrain today after a powerful storm system slammed into the island nation, killing at least 46 people and displacing tens of thousands in a disaster that threatens to strain the country’s resources.
The Spanish agricultural sector has been placed on high alert following the confirmation that African Swine Fever (ASF) has resurfaced in the country for the first time in over thirty years.
China announced a sweeping inspection of fire-safety standards in high-rise buildings nationwide on Saturday after a deadly fire in Hong Kong left at least 128 people dead.
The death toll from floods and landslides following cyclonic rains in the Indonesian island of Sumatra has risen to 303, the head of the country's disaster mitigation agency said on Saturday, up from a previous figure of 174.
Hong Kong on Saturday mourned the 128 people known to have died in a massive fire at a high-rise apartment complex, a toll that is likely to rise with 150 still missing days after the disaster.
The global recall of Airbus A320 aircraft has triggered widespread disruption across several major airlines, forcing flight cancellations in the United States, Japan, Australia and New Zealand.
Pope Leo visited Istanbul’s Blue Mosque on Saturday, stepping inside one of the most iconic sites of the Muslim world. He removed his shoes at the entrance in a gesture of respect. He did not appear to pray.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment