The U.S. Treasury Secretary and America’s top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy.
A diplomatic source, speaking to AP on condition of anonymity because of the sensitivity of the meeting, said the sides met for about two hours before departing for a previously arranged luncheon
Talks in Geneva aim to defuse trade war disrupting global economy
Low expectations for major breakthrough amid US-China distrust
Discussions wrap up on Saturday evening, to continue on Sunday
China determined to defend international fairness, Xinhua says
GENEVA, May 10 (Reuters) - Top U.S. and Chinese officials wrapped up the first day of talks in Switzerland on Saturday aimed at defusing a trade war that threatens to hammer the global economy and planned to resume negotiations on Sunday, a source close to the discussions said.
Chinese Vice Premier He Lifeng met for about eight hours with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer in Geneva in their first face-to-face meeting since the world's two largest economies heaped tariffs well above 100% on each other's goods.