""My sense is that this will be about de-escalation, not about the big trade deal...but we've got to de-escalate before we can move forward," Bessent told Fox News."
""As the first face-to-face meeting between senior US and Chinese officials since Trump's inauguration, it's an important opportunity to have initial talks on unwinding some tariffs, mapping out a path forward," Cutler remarked."
Senior US trade officials will meet their Chinese counterparts in Switzerland, the first in-person talks since the trade war intensified in April. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will engage with Vice-Premier He Lifeng. The meeting comes as economic forecasts suggest a possible US recession, with significant impacts on trade. Bessent sees the talks as a chance for de-escalation. While both nations face economic strain due to high tariffs, conditions allow for some exemptions, though China maintains its principles in negotiations.
Read at euronews
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