Something moves in the complicated relationship between and China. Delegations from both countries will meet at the end of this week in Switzerland to deal with tariffs and, predictably, reduce accumulated tensions between both governments in that area.
It is the first confirmed conversation of which you have news since in the so -called “day of liberation” on April 2, a commercial war between the two great world economic powers that has sown nervousness in the markets, threaten the global supply chains and begin to have.
As announced by the Treasury Department and the US International Trade Representative office, the holders of both agencies, Scott Besent and Jamieson Greer, will lead their country’s delegation in exploratory conversations. The Chinese Ministry of Commerce has also taken place on Saturday. Although China has not announced who will participate in the meeting until now, it is considered that Beijing could be represented by the Vice Primer Minister He Lifeng, considered the tsar of the commercial relations of the Asian giant.
“Recently, senior US positions have indicated adjustments to tariff measures and, through several channels, proactively transmitted information to China in which they indicated the desire to address tariffs and issues related to them,” said the spokesman for the Chinese ministry in Beijing. “After carefully considering global expectations, the interests of China herself and industry calls and US consumers, China has agreed to open conversations with the United States.”
“My feeling is that this is going to focus on lowering tensions,” Bessent said Tuesday night in statements to the presenter Laura Ingraham in the Fox News television network program “The Ingraham Angle.” “We have to reduce them before we can advance,” added the Treasury head, who will fly to Switzerland next Thursday.
The two countries are engaged in a bitter trade war, in which. China, on the other hand, has responded with 125% levies to the products of the first world economy. Until now, neither had given signs of wanting to give in.
According to the US departments involved, during their stay in Switzerland the head of the Treasury and the Foreign Trade Representative will also meet with the Swiss President Karin Teller-Sutter, to also deal with bilateral commercial relations.
In its statement of announcement of the conversations, the Chinese ministry has specified that it will use the meeting to measure US intentions, and has warned that Washington will have to present tangible proposals. And, possibly, offer a reduction of the tariffs that he already imposes or with which he threatens.
“If you want to solve the problems through negotiation, it must recognize the serious negative impact that unilateral tariff measures have brought against the United States themselves and against the world. It must also respect the rules of international trade, justice and impartiality, and the rational voices of all interested parties, in addition to demonstrating a genuine intention to negotiate, correct their wrong practices, reach a midpoint with China and resolve mutual concerns through consultations between consultations between consultations equal ”.
Beijing also ensures that if the United States “tries to use conversations” to gain time and continue its “extortion”, “China will not sacrifice its principles or international justice to close an agreement” at any price.
