After weeks of the US Postavy and China finally trading war Between the two largest economies in the world.
According to the US Government’s statements, US Treasury Minister Scott Biant and US Trade Representative Jamison Grir will head to Switzerland on Thursday, where they plan to meet the Chinese -speaker Heard Prime Minister, leading the Beijing Economic Representative. The meeting will take place between May 9 and 12.
The Chinese Foreign Ministry is also confirmed He goes to Switzerland, where he will also meet with Swiss officials.
Last Friday the Ministry of Commerce in China – Note It was a “assessment” of the proposal from Washington to start negotiations, and noted that high -ranking US officials repeatedly expressed their readiness to start trade talks with Beijing. US President Donald Trump state In late April, he talked to Chinese President Xi Jinping about tariffs, but refused to give some specifics.
A planned meeting in Switzerland is the first public commitment to start trade negotiations, as Trump first imposed tariffs on China in February.
Payment between the US and China has raised tariffs at a staggering high level. Currently, China imposes a 125% tariff on US goods, while the US impose 145% tariff on Chinese goods. However, both governments cut out sweeps from goods such as pharmaceuticals, semiconductors and household electronics.
Asian markets have practically not moved, despite the news that the US and China can start de -escaped. The Hong Kong Seng index increased by 0.2%, and the mainland CSI 300 mainland is approximately 0.6%, as of 4 pm Hong Kong. US futures also reflected similar moods with Dow Jones and Futures S&P futures, gaining 0.42% and 0.43% respectively.
However, de -escalation can become a welcome news for the two largest economies in the world when Trump’s trade war begins to have an effect.
Data from the end of April have already indicated drop Recently In Import from China to USA in Port Los -egeles Gin Seraka prevent In this retail trade, only five weeks of full inventory will remain in the near future. Lower stocks can mean higher prices and supply networks.
China announced Key changes in policy on Wednesday, including a decrease in rates to strengthen their economy.
Originally this story was presented on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/05/GettyImages-2197165856-e1746601207856.jpg?resize=1200,600
2025-05-07 08:04:00
Lionel Lim
