The United States and China are trying to get rapprochement in the customs dispute. A first meeting in Geneva should smooth the waves. US President Trump is very impressed by the start of the talks.
US President Donald Trump praised the beginning of customs talks with China in Geneva as a “complete restart”. It was negotiated in a friendly but constructive way, the Republican wrote on his online language tube Truth Social about the meeting at Minister level on Saturday in Switzerland. “Many things were discussed, a lot was agreed.”
Trump described the meeting with the representatives from China as “very good” and emphasized that great progress was made, but did not provide any details in terms of content. “We would like to open China for American companies – for the benefit of both China and the USA,” wrote the President.
The USA and China cover each other with tariffs
Trump accuses China of unfair trade practices and, after taking office, has screwed up the tariffs to Chinese goods to 145 percent. China reacted to US goods with counter-tariffs of 125 percent. So far, both countries have tried to give the impression that they have to sit on the longer lever and do not have to take the first step to approach the other side.
The enormous tariffs between the two largest economies in the world have sustainable effects on world trade and threaten to affect global economic growth.
The talks in Geneva have US finance minister Scott Bessent and the Chinese Vice Prime Minister He Lifeng. The US trade officer Jamieson Greer was also there. The conversations are to be continued today.
