US and China to Hold First Major Trade Talks Since Tariff War

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US and China to Hold First Major Trade Talks Since Tariff War
Photo: Jose Luis Magana/AP/TT

The US Finance Minister Scott Bessent and China's Vice Premier He Lifeng are to meet in Switzerland later this week to discuss trade, announced Washington and Beijing in separate statements.

This will be the first big meeting between the countries since Trump's trade war began.

Donald Trump has stated in recent days that he is open to lowering the high tariffs, but also said earlier that the US "does not lose anything at all" by not trading with China.

From the Chinese side, a statement was made over the weekend from the country's trade department that they are "considering" tariff talks with their counterpart in the west.

In connection with what Trump himself referred to as "liberation day" on April 2, he introduced trade tariffs against the rest of the world, including China. Since then, the tariffs against Beijing have been raised in stages and are currently at 145 percent level. China has responded with tariffs against the US at 125 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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