China is set to engage in crucial discussions with the US in Switzerland aimed at addressing the escalating trade war that has emerged since US tariffs were implemented last month. Key figures, including China's vice-premier He Lifeng and US treasury secretary Scott Bessent, will participate in the meetings scheduled from May 9 to 12. Although both nations disagree on who initiated these talks, China's commerce ministry emphasizes the essential precondition for negotiation: acknowledging the negative impacts of unilateral tariffs. The focus of the discussions will be on de-escalating the tensions rather than concluding new trade deals.
"China's vice-premier He Lifeng will meet US treasury secretary Scott Bessent in Switzerland to discuss de-escalating the trade war prompted by US tariffs."
"Beijing's commerce ministry stated that if the US desires resolution through negotiation, it must reckon with the repercussions of its unilateral tariff actions."
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