American officials meet with the Chinese delegation in Switzerland to discourage commercial dispute and reduce high rates. | Photo credit: Reuters
The United States Secretary of the Treasury and the main commercial negotiator of the United States will meet with high -ranking Chinese officials in Switzerland this weekend to reduce a dispute that threats to reduce trade between the two largest economies in the world and the global trade of Lamas.
The Treasury Secretary, Scott Besent, and the US trade representative, Jamieson Greer, will meet in Geneva with a Chinese delegation directed by Vice Premier He Lifeng.
The prospects for great advance seem faint. But there is hope that the two countries will reduce massive-tarifas taxes: they slapped the assets of each bear, a movement that would relieve financial markets and world companies on both sides of the Pacific Ocean that depend on the US-China trade.
Last month, the president of the United States, last month raised US tariffs on China to 145 percent combined, and China retaliates when reaching US imports with a 125 percent tax. Tariffs that have a large essential amount to the country boycotting the products of others, which interrupted the trade that exceeded $ 660 billion last year.
Even Beofore The Talks Began, Trump Sug foreled Friday the us Beste Have and Besst Have and Besent Have and Beste Have, Have and Beste Have, Have and Besson Have, Have and Besson Have.
“The best scenario is that the two parties agree to decline in the … rates at the same time,” he said, adding that even a small reduction would send a positive signal. “It can’t be just words.” Since he returned to the White House in January, Trump has aggressively used tariffs as his favorite economic weapon. He has imposed a 10 percent tax on imports from almost all countries in the world.
But the fight with China has been the most intense. Its tariffs on China include a 20% load aimed at pressing Beijing to make more to stop the flow of synthetic opioid fentanyl to the United States. The remaining 125% implies a dispute that dates back to Trump’s first term and reaches the tariffs that he raised in China at that time, which means that total tariffs of some Chinese products can exceed 145%.
Duration Trump’s first mandate, United States, claimed that China uses unfair tactics to give ITELF an advantage in advanced technologies such as quantum computing and drier cars. These include forcing us and other foreign companies to deliver commercial secrets in exchange for access to the Chinese market; Use government money to subsidize national technology companies; and direct theft of sensitive technologies.
Those problems were never completely solved. After almost two years of negotiation, the United States and China reached a single phase phase in January 2020. The United States will not continue with even higher tariffs in China, and Beijing agreed to buy more American products. Difficult problems, such as China’s subsidies, were left for future negotiations.
But China did not arrive with the promised purchases, partly because Covid-19 interrupted the global trade just after the truce of phase one was announced.
The struggle on China’s technological policy now resumes.
Trump is also agitated by the mass commercial deficit of the United States with China, which reached $ 263 billion last year.
In Switzerland, Bessert and Greer also plan to meet with Swiss President Karin Keller-Sutter.
Last month, Trump suspended the plans to slapped with tariffs of 31 percent on Swiss goods, more than 20 percent of the taxes that were entered in the exports of the European Union. For now, it has reduced those taxes to 10 percent, but could raise them again.
The government in Bern is adopting a cautious approach. But he has warned about the impact on crucial Swiss industries such as watches, coffee, cheese and chocolate capsules.
“An increase in commercial tensions is not in the interests of Switzerland. The countermeasures against the increases in the United States rate would imply costs for the Swiss economy, particularly by making imports from the United States more expensive”, the government side last week, adding that it is the execution, which is the execution, countermeated today. “The government said Swiss exports to the United States on Saturday were subject to an additional 10%rate, and another 21 percent as of Wednesday.
The United States is the second largest commercial partner in Switzerland after the block of 27 EU-A members of 27 members that almost surrounds the rich alpine country of more than 9 million. The US trade and services. UU. It has quadrupled in the last two decades, said the government.
The Swiss government said Switzerland abolished all industrial tariffs on January 1 of last year, which means that 99 percent of all assets in the United States can be imported to Switzerland’s tax.
Posted on May 10, 2025
