A “Substantial progress”thus summarized the American representative and secretary of the Treasury, Scott Besent, the Meetings between China and the United States to address the situation of tariffs that incumbent for both powers.
Besent has explained to the media that will provide this Monday a Detailed negotiationscharacterized by its “high level of productivity”, according to statements collected by the Fox News chain. Likewise, the representative has appreciated the “interest” exhibited by its interlocutors, starting with the Vice -Prime Chinese Minister, He Lifeng, Head of the Beijing Delegation.
For his part, the trade representative, Jamieson Gerer, has highlighted the Speed with which they have been “able to reach agreementswhich reflects that the differences were not as great “as they thought.
In this sense, Greer recalled that The objective is to solve the “massive” commercial deficit of the United States and that President Donald Trump’s government decided to declare as “national emergency.” Greer has detailed that the United States has confidence that the agreement that has been reached in Switzerland – of which none has offered details – with its “Chinese partners” will contribute to resolving that deficit.
Commercial War
The commercial dispute was caused by the US president last month, when he announced generalized tariffs On almost all countries in the world, which are now subject to a 90 -day suspension while negotiations are carried out.
These statements point, at least initially, to a DESCALADA OF THE COMMERCIAL WAR in which both powers have been immersed since the beginning of April, with cross tariffs of 145% for Chinese and 125% products for Americans, which in practice equals commercial embargo levels.
