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The tariff wars just eased a bit as U.S. Treasury and Trade representatives will meet with Chinese officials to discuss trade relations in Switzerland on Thursday.
Treasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer will meet with their Chinese counterparts in Switzerland this weekend to discuss economic and trade matters, their offices announced Tuesday, reported CNBC.
“We have shared interests,” Bessent said later on Fox News’ “Ingraham Angle.” The current tariff war “isn’t sustainable,” said Bessent, “especially on the Chinese side. And, you know, 145 percent [tariffs], 125 percent, is the equivalent of an embargo. We don’t want to decouple, what we want is fair trade.”
“Economic security is national security, and President Donald J. Trump is leading the way both at home and abroad for a stronger, more prosperous America,” Bessent said in a statement announcing the meetings.
“I look forward to productive talks as we work towards rebalancing the international economic system towards better serving the interests of the United States,” Bessent said.
The travel was announced in statements Tuesday from the Chinese and US governments. It will be the first confirmed trade talks between the countries since President Donald Trump announced sweeping tariffs, led by punishing levies on China, reported ZH.
