American and Chinese officials will finally meet for trade talks a month after Trump passed the rates up to 145% high sky

After weeks of posture, the United States and China will be able to meet, paving the way for a possible de -escalation to a beer War of trade Between the two largest economies in the world.

According to United States Government’s statements, United States Treasury Secretary, Scott Bessent, and United States commercial representative Jamieson Greer will travel to Switzerland on Thursday, where they are planned to know the Vice -First Minister of Lifeng, Beijing’s main economic representative. The meeting will take place between May 9 and 12.

China Foreign Ministry also confirmed He travels to Switzerland, where he will also meet Swiss officials.

Last Friday, China’s Ministry of Commerce he said It was “evaluating” a Washington offer to start talks and said that senior North -Americans had repeatedly expressed their willingness to begin commercial negotiations with Beijing. United States President Donald Trump claimed At the end of April, he had talked to Chinese President Xi Jinping on the rates, but refused to provide any information.

The meeting scheduled in Switzerland is the first public commitment to start commercial negotiations since Trump imposed the rates in China in February.

The retaliation between the United States and China have raised their rates to impressive levels. China is currently imposing a 125% rate on North -American goods, while the United States imposes a 145% rate on Chinese goods. However, both governments have cut exemptions from goods such as pharmaceuticals, semiconductors and consumer electronics.

Asian markets barely moved despite the news that the United States and China could begin to escalate. The Hong Seng Hong Kong index increased by 0.2%and the CSI of mainland China 300 by 0.6%, from 16:00 hours of Hong Kong. North -Americans also reflect a similar feeling with Dow Jones’ future and S&P future gaining 0.42% and 0.43% respectively.

However, de -escalament could be a welcome news for the two largest economies in the world, as the Trump trade war begins to have an effect.

End of April data already show a drop To China imports to the United States recently the executive director of the port of Los Angeles, Gene Seroka warned That retails could be soon as five weeks of complete inventory. The lower stocks could mean higher prices and Snarls of the supply chain.

China announced Wednesday changes key policy, including type cuts, to strengthen its economy.

This story originally presented to Fortune.com

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