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U.S. Treasury Secretary Bessent and Trade Rep Greer to Meet China's He Lifeng in Switzerland Amid 145% and 125% Tariff Dispute

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U.S. Treasury Secretary Bessent and Trade Rep Greer to Meet China's He Lifeng in Switzerland Amid 145% and 125% Tariff Dispute

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  • Reuters
  • ARY NEWS
  • 纽约时报中文网

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U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet with Chinese Vice Premier He Lifeng in Geneva, Switzerland, this weekend to kick off trade talks aimed at reducing tensions between the two nations. This meeting marks the first direct trade discussions since the escalation of tariffs, which have severely impacted both economies. President Donald Trump has firmly stated that he will not lower the existing 145% tariffs on Chinese goods ahead of these talks, despite requests from Beijing. This stance is in response to China's retaliatory tariffs of 125% on U.S. goods, which have effectively halted trade between the two countries. The U.S. has also recently appointed David Perdue as the new ambassador to China, who may play a role in future negotiations. The upcoming discussions are seen as an initial step toward de-escalation rather than a move toward a comprehensive trade agreement. Both sides have acknowledged the unsustainable nature of the current tariff situation, which has led to a significant decline in trade and economic activity. The talks may also address the issue of fentanyl, which has been a point of contention between the U.S. and China.

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纽约时报中文网
纽约时报中文网Twitter verified badge
@nytchinese

For several weeks, China has publicly stated that it will not enter into trade negotiations with the US under duress, and this Wednesday, Beijing said it would sit at the negotiation table. By agreeing to meet with the Trump administration to discuss trade issues, China is seeking to portray itself as a responsible party in a fierce superpower competition without appearing weak, which may help its efforts to revive the economy. https://t.co/aHI8bMJYEU

Paul Triolo
Paul TrioloTwitter verified badge
@pstAsiatech

Trump Says U.S. Won’t Drop Tariffs Ahead of China Talks The Treasury secretary and trade representative plan to meet with Chinese officials this weekend to discuss trade and economic matters. https://t.co/zXYhZJgQug via @NYTimes

Jonathan Cheng
Jonathan ChengTwitter verified badge
@JChengWSJ

Fentanyl Crisis Provided Opening for U.S.-China Trade Talks—Planned meeting in Switzerland to be first direct talks over trade during Trump’s second term @Lingling_Wei @schwartzbWSJ @learyreports https://t.co/xJsh7FfS3w https://t.co/xJsh7FfS3w

Lingling Wei 魏玲灵
Lingling Wei 魏玲灵
@Lingling_Wei

The backstory of the upcoming #USCHINA meeting in Switzerland: Beijing’s outreach to Washington over fentanyl created an opening for trade talks between the two nations. With ⁦@schwartzbWSJ⁩ ⁦@learyreports⁩ https://t.co/XqvoVtoAuY

The Kobeissi Letter
The Kobeissi LetterTwitter verified badge
@KobeissiLetter

BREAKING: President Trump says China should "reassess" who asked for a trade policy meeting. It appears Trump is signaling that China came to the table first, while China is saying the opposite.

#Scott Bessent#Jamieson Greer#Chinese#He Lifeng#Geneva#Switzerland#Donald Trump#Beijing#China#David Perdue

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Sources

ebx.sh(3)reuters.com(3)wsj.com(3)cn.nytimes.com(2)
    纽约时报中文网
    纽约时报中文网Twitter verified badge
    @nytchinese

    For several weeks, China has publicly stated that it will not enter into trade negotiations with the US under duress, and this Wednesday, Beijing said it would sit at the negotiation table. By agreeing to meet with the Trump administration to discuss trade issues, China is seeking to portray itself as a responsible party in a fierce superpower competition without appearing weak, which may help its efforts to revive the economy. https://t.co/aHI8bMJYEU

    capital.gr
    capital.gr
    @capitalgr

    Trump won't cut China tariffs to start talks #capitalgr https://t.co/BQVT6phFxX https://t.co/pLsVaw818c

    Tweet media
    纽约时报中文网
    纽约时报中文网Twitter verified badge
    @nytchinese

    Trump said that despite Beijing's request, he will not lower the high tariffs imposed on Chinese goods until US and Chinese officials hold talks this weekend. He also hinted that it was China's request for trade negotiations, which contradicted China's statement that the two parties concerned were holding talks at the request of the US side. https://t.co/PWW3wh7LSQ

Story Timeline

  • •Latest version
    China, US to Hold Tariff Talks in Switzerland May 9-12; Beijing Calls for Removal of 145% Tariffs
  • •Original version
    U.S. Treasury Secretary Bessent and Trade Rep Greer to Meet China's He Lifeng in Switzerland Amid 145% and 125% Tariff Dispute

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