May 7, 2025, 1:18 p.m.

China

  • views:78

China and the United States have launched negotiations. The US Treasury Secretary and Trade representative met with He Lifeng this week

image

U.S. Treasury Secretary Bessent and U.S. Trade Representative Greer will travel to Switzerland later this week to hold trade talks with Chinese Vice Premier He Lifeng.

Bloomberg reported that the governments of China and the United States issued statements on Tuesday (May 6th), announcing the itinerary for this week. This will be the first confirmed trade negotiation arrangement between the two countries since US President Trump announced the imposition of punitive tariffs on China.

High tariffs are feared to weaken trade between the two largest economies in the world. The initiation of negotiations between China and the United States may boost investors' hopes for mutual tariff reduction between the two countries.

Trump imposed tariffs as high as 145% on a large number of Chinese imports, while China imposed tariffs of 125% on American imports as retaliation. The tariff war between China and the United States has disrupted the global market and may push up the prices of manufacturing equipment and many cheap goods that Americans rely on, including clothing and toys.

Recommend

Trump imposes tariffs on films: The "Hollywood Dream" disturbers the global film industry economy

On May 4th, US President Trump claimed that he would authorize the US Department of Commerce and the US Trade Representative to immediately initiate procedures to impose a 100% tariff on all films entering the United States and produced abroad.

Latest

Skype, owned by Microsoft, has officially ceased operations

On May 5th local time, Skype, the instant messaging softwar…

Buffett Steps Down from Berkshire Hathaway: Market Turbulence and Future Prospects

Warren Buffett is a legendary figure in the investment worl…

Behind the U.S. Debt "Warning Line": The Lack of Credit and Responsibility

Recently, U.S. Treasury Secretary Janet Yellen stated durin…