Negotiations between China and the United States have experienced a series of substantial advances Since the commercial war between both powers began. The meetings of this weekend, held in Geneva (Switzerland), have made it possible for both countries to have reached an agreement to create a Commercial and Economic Consultations Mechanism in order to address the tariff war.
The Deputy Prime Minister HE LIFENG, China Negotiating Chief In the conversations held with the United States, he has talked about a Meeting “Sincere, deep and constructive” With the United States Secretary of the Treasury, Scott Besent, to solve their differences.
In this sense, and according to a statement collected by the official Chinese news agency Xinhua, he announced that “both parties have reached an agreement on the establishment of an economic and commercial consultation mechanism between China and the United States, and will make more consultations on issues of mutual interest.”
These statements take place after the White House announced a kind of Non -specified agreement that Besent defined as “substantial progress” with China. Besent, after thanking the “interest” exhibited by his interlocutors, promised to give more information about this Monday, as the Vice Primer Chinese Minister and members of his entourage pointed out.
Current negotiation keys
The commercial war intensified after Donald Trump imposed massive tariffs on Beijing until reaching 145%. In response, China increased its tariffs on US products to 125%.
- Tensions decrease. After the negotiations carried out during this weekend, both the United States and China have actively demonstrated their intention to display the commercial conflict.
- Initial agreement. Both powers have reached an agreement that will mark the creation of consultation channels to continue negotiating for mutual benefit. Even so, you have to wait to know in depth the details of the pact achieved.
