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U.S. and China to Hold Trade Talks in Switzerland

U.S. and China to Hold Trade Talks in Switzerland

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US and Chinese trade negotiators are set to meet in Geneva. Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will attend the talks. This marks the first official engagement between the two largest economies to resolve the trade war triggered by Trump in January.

Chinese Ministry of Foreign Affairs
1. Vice Premier He, as the Chinese lead person for China-US economic and trade affairs, will have a meeting with the US lead person Treasury Secretary Scott Bessent.
Chinese Commerce Ministry
1. If the United States wants to solve the problem through negotiations, it must face up to the serious negative impact of unilateral tariff measures on itself and the world.
2. If they say one thing and do another, or even use talks as cover for continued coercion and blackmail, China will never agree.
3. Whether it is fighting or talking, China's determination to safeguard its own development interests will not change, nor will its position and goal of defending international fairness and justice.
4. On the basis of having fully considered global expectations, China's interests and the appeals from U.S. industry and consumers, China has decided to engage with the U.S..
Scott Bessent
US Treasury Department
1. We've got to de-escalate before we can move forward.
2. We will meet on Saturday and Sunday to discuss our shared interests. The current tariffs and trade barriers are unsustainable, but we don't want to decouple.
3. We will agree what we're going to talk about. My sense is that this will be about de-escalation, not about the big trade deal.
He Weiwen
Center for China and Globalization
1. If that willingness is not there, there can't be substantive results.
2. The key is whether the U.S. is willing to first correct its stance on tariffs.
Scott Kennedy
Center for Strategic and International Studies
1. Both sides don't want to show weakness. Both sides want to frame the negotiations in ways that benefit themselves relative to the other side. Both have felt some pain, but they also know the other side is feeling some pain.
Eswar Prasad
Cornell University
1. The escalating and increasingly bitter trade war between the U.S. and China was fostering an unfavorable trade environment around the world and stoking economic uncertainty.

U.S. and China to Hold Trade Talks in Switzerland

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