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Trump Says China Desperate for Deal; He Lifeng, Scott Bessent to Negotiate in Geneva This Weekend Amid 145% and 125% Tariffs
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U.S. President Donald Trump has stated that China is eager to reach a trade agreement, describing them as 'desperate' and 'in a big rush.' This comes amidst ongoing tensions between the two economic giants.
China's Commerce Ministry has confirmed plans to engage in trade negotiations with the United States, emphasizing that any talks must be equitable and mutually beneficial. China has also stated it will safeguard its national interests and not compromise its principles for an agreement. The U.S. has imposed tariffs of 145% on Chinese goods, while China has retaliated with tariffs of up to 125% on U.S. imports.
The negotiations are set to take place in Geneva, Switzerland, on Saturday and Sunday, with Chinese Vice Premier He Lifeng and U.S. Treasury Secretary Scott Bessent leading their respective delegations. The talks aim to focus on de-escalation and are the first high-level discussions since the escalation of tariffs by the Trump administration.
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