2025-05-11 17:53
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2025-05-11 17:53
The Sunday Chinese-American meeting, during which negotiations on trade and customs duties were completed, ended after less than four hours. None of the parties commented on the course of Swiss conversations.
Delegations were presided over by Deputy Prime Minister of China He Lifeng and US Minister Scott Bessent. It was their first direct meeting since the commencement of the trade war, in which the two largest economies of the world imposed mutual duties exceeding 100 percent. for the goods of the other side.
Bessent refused to comment on reporters in his hotel before setting off on Sundays. China has not spoken so far. However, the economic advisor of the White House Kevin Hassett said on Sunday that the Chinese are “very, very willing” to get involved in discussions and restore balance in trade relations with the United States.
At night, after the first, eight -hour conversation round, US President Donald Trump positively assessed Saturday conversations, saying that both sides negotiated “a total reset … in a friendly but constructive way.”
“A very good meeting with China today, in Switzerland. Many issues were discussed, many were agreed,” wrote Trump on his Truth Social platform. “We want to see, for the good of both China and the United States, the opening of China to American business. Great progress has been made !!!”
Washington tries to reduce its $ 295 billion deficit in trade with Beijing and convince China to modify the economic model, which would include On increasing internal consumption by Beijing, Reuters reminded. China is opposed to external interference. They expect Washington to lower the duties. They also hope that the US will clearly define goods that they would like to export to China. Finally, they demand that the US treat them as an equal partner.
The Chinese official Press Agency Xinhua in a comment from Saturday stated that “irresponsible abuse of customs tariffs” by the United States destabilized the global economic order, but added that negotiations were “a positive and necessary step to solve misunderstandings and avoid further escalation.” (PAP)
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