Chinese trade negotiators are set to meet U.S. officials in Switzerland for talks to resolve the ongoing trade war exacerbated by high tariffs. Recent statements from both sides indicate a willingness to soften hardline rhetoric. The talks follow China's recognition of global expectations and U.S. concerns. Treasury Secretary Bessent emphasized the need for fair trade rather than decoupling, while Beijing continues to advocate for the removal of tariffs. Despite past defiance, China's more conciliatory approach suggests a possible path towards negotiations and easing trade barriers.
On the basis of having fully considered global expectations, China's interests and the appeals from U.S. industry and consumers, China has decided to engage with the U.S.
We will meet on Saturday and Sunday to discuss our shared interests. The current tariffs and trade barriers are unsustainable, but we don't want to decouple; what we want is fair trade.
Beijing has remained defiant as Trump has imposed minimum tariffs of 145 percent on Chinese goods. It responded with its own blanket 125 percent levies.
Whether it is fighting or talking, China's determination to safeguard its own development interests will not change, nor will its position and goal of defending.
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