U.S. Officials Bessent and Greer to Meet China's He Lifeng in Geneva on Saturday for Trade Talks

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Published May 9, 2025, 04:29 AM

U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are scheduled to meet with Chinese Vice Premier He Lifeng in Geneva, Switzerland, starting on Saturday for trade talks aimed at de-escalating the ongoing tariff standoff between the two nations. The discussions mark the first high-level in-person meeting since President Donald Trump escalated the trade war with significant tariffs on Chinese goods.

The U.S. has imposed a 145% tariff on many Chinese goods, while China has retaliated with a 125% tariff on American products. These measures have disrupted global trade and strained economic relations between the world's two largest economies, leading to a de facto mutual trade embargo.

The Chinese government has expressed willingness to engage in dialogue but has emphasized that it will not compromise its principles. The U.S. administration has indicated that the goal of the talks is to achieve fair trade, rather than a complete decoupling of economic ties. The outcome of these negotiations could have significant implications for global markets and the economic policies of both countries.

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#Scott Bessent #Jamieson Greer #Chinese #He Lifeng #Geneva #Switzerland #Donald Trump #China #American

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Sources

washingtontimes.com(5)bloomberg.com(2)cn.wsj.com(2)reuters.com(2)

FinancialJuice

@financialjuice

US Commerce Secretary Lutnick: De-escalation with China is Bessent's goal in talks - CNBC.

Transport Topics

@TransportTopics

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet in Switzerland with Chinese Vice Premier He Lifeng on trade in the coming days. https://t.co/6YATbsJAUd

ABC 7 Amarillo

@ABC7Amarillo

High-level talks between the United States and China are set to take place this weekend, aiming to ease the tariff tensions that have sent shockwaves through the global economy. https://t.co/aypCrf7jBf