The United States and China to launch formal trade conversations

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Washington and Beijing will have the first trade talks this week since the President of the United States, Donald Trump, has launched a trade war against China that has ruined financial markets and has triggered concerns about supply chains.

Treasure Secretary, Scott Bessent and United States commercial representative Jamieson Greer will bring together his Chinese counterparts in Geneva this week. China said that Vice-Premier HE LIFENG, its highest economy officer, would direct its delegation.

The meeting will be the first high -level interaction between the two parties since the Vice President Han Zheng attended Trump’s inauguration in January.

“I look forward to productive conversations, as we work to rebalance the international economic system to better serve the interests of the United States,” said Bessent, on Thursday, who wants to fly to Switzerland.

The meeting marks the first actual effort to face the War of trade. Washington has imposed a 145 percent rate on China’s imports, while Beijing has shaken hands with a 125 percent retaliation rate on North -Americans.

Is the first positive sign for companies that have been concerned about the record level of rates Both faces have been placed on each other. It also occurs after Trump on several occasions said that the countries had negotiations, which have been contradictory to their own team.

Washington and Beijing have been affected in a place. Trump wanted to talk directly to his president of his counterpart Xi Jinping, but China had made it clear that he would not make a leader -level call to start negotiations.

Beijing had previously said that the United States should cut the rates as a preview for negotiations, but seemed to soften their position last week when state media said there would be “Without prejudice” to the withholding conversations With Washington.

Bessent, who presented before the congress, had told the legislators that, despite the fact that the Trump administration negotiated with 17 of its 18 major commercial partners, had not had commercial talks with Beijing.

Last month, Trump triggered a sale in the world market markets after imposing “reciprocal” rates of up to 50 percent on almost every trade in the United States. Then he lowered taxes to a 10 percent reference line for 90 days.

The United States has been having talks with several countries to try to reach more permanent agreements, but it is not clear to what extent the Trump administration is ready to lower its rates or which of them consider negotiable.

The Trump administration has also stated that it is preparing to announce more tariffs in various sectors that are important. In recent weeks, he has launched national safety probes that could lead to rates in chips and consumer electronics, wood, copper, pharmaceuticals and critical minerals. During the weekend, Trump threatened to put in Foreign cinema pictures.