US, China to hold first major trade talks in Switzerland
Share this @internewscast.com


() Treasury Secretary Scott Bessent and Jamieson Greer, President Donald Trump’s top trade negotiator, will meet with Chinese officials this weekend in Geneva.

The meeting, announced Tuesday by the White House, is a potential first step toward ending the tariff tit-for-tat between the two economic powerhouses.

Trump’s sweeping tariffs have targeted China and its reciprocal actions against the United States. He blocked the country from a 90-day tariff pause announced in April and removed China’s de minimis tariff exemption on low-value packages.

Tariffs against China are currently 145%, while China’s on the U.S. total 125%.

Though Trump previously claimed U.S.-China negotiations were underway and said he’d spoken with President Xi Jinping officials in Beijing have denied the talks altogether.

As recently as Tuesday, Bessent told lawmakers the two countries had not yet held any meetings.

The Chinese Commerce Ministry on Tuesday confirmed the upcoming meeting between its vice premier and Bessent in Switzerland, but clarified that China would not “sacrifice its principles or global equity or justice in seeking any agreement.”

The trade dispute has rocked both domestic and international stock markets, sowed recession concerns among experts and spurred price increases for certain products, including budget retail brands like Temu and Shein.

Tuesday’s announcement sent U.S. stock futures rising and saw a positive Wednesday start in the Asian trade a potential reprieve for Americans, who are seeing the lowest consumer confidence levels since the COVID-19 pandemic.

Share this @internewscast.com
You May Also Like

Storm Team 3: Expect More Storms on Friday with a Hot and Dry Weekend Ahead

SAVANNAH, Ga. () — Thursday afternoon was very stormy as expected. We…

Suspect Allegedly Takes Car with Sleeping Kids from Akron Parking Lot: Authorities

AKRON, Ohio (WJW) – The Akron Police Department is looking for a…

Georgia Teen, 17, Detained in Connection with Parents’ Murder

CARROLL COUNTY, Ga. () – On the morning of February 20th, 2025,…

Savoy Resident Charged with Illegal Weapon Possession After Child Battery Investigation

A 28-year-old man from Savoy, identified as Latroy Hodges, was taken into…

Beaufort Businesses Expect a Bustling Week Amid Seawall Closure and Water Festival Adjustments

BEAUFORT, S.C. () — In the upcoming 10 days, visitors are anticipated…

Dershowitz Claims to Be Aware of Names on Epstein’s Client List

Lawyer Alan Dershowitz on Thursday said he knows the list of names…

Passenger Faces Abduction Charge Following Alleged Bristol, Va. Chase

BRISTOL, Va. (WJHL) — Authorities arrested a North Carolina man on Tuesday…

Rubio Set to Meet with China’s Foreign Minister in Malaysia Amid Rising US-China Tensions

KUALA LUMPUR, Malaysia (AP) U.S. Secretary of State Marco Rubio is wrapping…

Illinois Soccer Prepares for Hultin’s Debut Season, Announces Non-Conference Lineup

URBANA, Ill. (WCIA) — Illinois women’s soccer has unveiled the first non-conference…

Democratic Leaders Criticize Florida Republican for Making ‘Islamophobic’ Remarks About Omar

Democratic leaders on Wednesday condemned comments made by Rep. Randy Fine (R-Fla.)…

Reward of $35,000 Announced for Information on Suspect in Shooting at ICE Detention Facility

() A manhunt is underway for a man accused of shooting at…

Delta Travelers Spend the Night Stranded on a Remote Mid-Atlantic Island

A Delta aircraft encountered engine difficulties during its planned trans-Atlantic journey, resulting…