The first trade negotiations of China and the United States in Switzerland: Washington is ready to lower customs duties?
US Finance Minister Scott Bessent and US Trade Representative Jamieson Greer meet on Saturday in Switzerland with Deputy Chinese Prime Minister He Lifeng at the first conversations of two forces in the middle of a trade war that has caused uncertainty around the world.
Negotiations in Geneva will be closely monitored in the midst of a trade war caused by US President Donald Trump, which imposed customs duties of at least 10 percent on all imports to the country, with additional levies for numerous trade partners, causing significant staff disorders and financial markets.
Although he has given up many customs duties in the meantime to allow trade negotiations, special customs are up to 145 percent in force on Chinese goods, and Beijing has returned to customs by 125 percent on US products.
Conversations in Geneva are the first concrete step of two sides, which so far have only sought to suggest that they are in a stronger position.
There are indications that Washington might be ready to lower the customs.
– Customs of 80 percent for China seems correct! Bravo Scott B – Trump wrote on his social network Truth Social on Friday.
