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 1 July, President of the European Commission Ursula von der Leyen arrived in Azerbaijan on a working visit....
A Swedish court has ordered Alphabet-owned Google to pay about $1.5 billion in antitrust damages to price comparison platform PriceRunner, in one of E...
The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) has warned that unexploded ordnance remains a deadly threat across Afgha...
Estonia has released surveillance images showing machine guns and sandbagged defensive positions mounted on a Russian-flagged liquefied natural gas (L...
Iranian Foreign Minister Abbas Araghchi has confirmed neighbouring Iraq will hold a funeral procession next week for former Supreme Leader Ayatollah S...
Trade discussions between China and the U.S. are expected to remain virtual for now, with no major investment initiatives planned before a potential meeting between Xi Jinping and Donald Trump, according to U.S. Trade Representative Jamieson Greer.
The U.S. Supreme Court has overturned key elements of President Donald Trump’s global tariff policy, creating uncertainty ahead of his March meeting with China’s Xi Jinping. The ruling raises fresh questions about the future of U.S.-China trade relations and the stability of the global economy.
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.
Iranian and U.S. negotiating teams were due in Doha this week, but Iran said on Monday no meeting had been scheduled as weekend missile fire from both sides tested the interim ceasefire to end the four-month-old war.
The U.S. and Iran have agreed to 'stand down' and resume technical talks, allowing vessels allowed to move freely under the interim peace deal, a U.S. official said.
Mexico ended their 40-year wait for a World Cup knockout win, while Erling Haaland sent Norway through and Kylian Mbappé fired France into the last 16.
The wife and children of Argentine footballer Lucas Trejo were among around 1,700 people who died when two earthquakes struck northern Venezuela last week.
Iran has ruled out direct talks with senior U.S. envoys in the Gulf, saying any contact will take place through Qatari mediators. Meanwhile, Steve Witkoff and Jared Kushner have met in Doha with Qatar's PM Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani.
Estonia has released surveillance images showing machine guns and sandbagged defensive positions mounted on a Russian-flagged liquefied natural gas (LNG) carrier operating in the Baltic Sea, underscoring growing tensions between Russia and NATO in the strategically important waterway.
The Council of the European Union has formally adopted two regulations implementing tariff commitments agreed in the 2025 EU-U.S. Joint Statement, removing the remaining customs duties on American industrial goods and completing the legislative process.
Chinese manufacturers are working at full capacity as two very different global pressures fuel demand. Europe's record heatwave has triggered a rush for air conditioners, while U.S. retailers are accelerating imports to beat looming tariff increases.
Russia and Ukraine have reported fresh military successes as both sides intensify efforts to weaken each other's logistics, energy infrastructure and supply networks, extending the conflict far beyond the front line.
The European Union has introduced new fees on low-value e-commerce imports from China, marking its first major step to tackle what it says is unfair competition from online retailers such as Shein, Temu and AliExpress.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment