Top officials from the US and China are meeting in Switzerland to de-escalate their intense trade war.
It's their first official high-level negotiation since US President Trump imposed what he calls "reciprocal tariffs."
The meeting that began on Saturday in Geneva is drawing attention to see whether the two sides can make progress on easing the tariff confrontation. Reuters news agency has reported that the trade talks have ended for the night, but will continue on Sunday.
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are participating in the meeting.
And China's economic policy chief Vice Premier He Lifeng is attending.
Washington has imposed additional tariffs of 145 percent on goods from China. Beijing has responded by raising additional levies on US products to 125 percent.
On Friday, Trump said in a social media post that an "80% tariff seems right," suggesting he may reduce the duty.
But White House Press Secretary Karoline Leavitt later said at a news conference that Trump will not unilaterally bring down tariffs on China. She added, "We need to see concessions from them as well."
Trump has said that he will essentially maintain a 10 percent baseline duty on all countries, even after trade deals are reached.
It's their first official high-level negotiation since US President Trump imposed what he calls "reciprocal tariffs."
The meeting that began on Saturday in Geneva is drawing attention to see whether the two sides can make progress on easing the tariff confrontation. Reuters news agency has reported that the trade talks have ended for the night, but will continue on Sunday.
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are participating in the meeting.
And China's economic policy chief Vice Premier He Lifeng is attending.
Washington has imposed additional tariffs of 145 percent on goods from China. Beijing has responded by raising additional levies on US products to 125 percent.
On Friday, Trump said in a social media post that an "80% tariff seems right," suggesting he may reduce the duty.
But White House Press Secretary Karoline Leavitt later said at a news conference that Trump will not unilaterally bring down tariffs on China. She added, "We need to see concessions from them as well."
Trump has said that he will essentially maintain a 10 percent baseline duty on all countries, even after trade deals are reached.
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Summary
US-China officials meet in Switzerland to discuss de-escalation of their ongoing trade war. The meeting, involving Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer from the US, and China's economic policy chief Vice Premier He Lifeng, aims to ease tariff confrontation.
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ID: 9af3f50b-3a61-40dc-bc58-af77be848484
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250510_13/
Date: May 10, 2025
Created: 2025/05/12 07:00
Updated: 2025/12/08 04:15
Last Read: 2025/05/12 07:53