Trump authorities meet China for possible trade negotiations

Trump authorities meet China for possible trade negotiations

This week, two high-ranking officials of the Trump administration meet with Chinese representatives for discussions about trade and economic matters. This was announced by her authorities on Tuesday evening and could be a first sign of relaxation in the trade war, which was triggered by President Donald Trump's massive tariffs.

important meetings in Geneva

Finance Minister Scott Bessent and the US trade officer Jamieson Greer will travel to Geneva, Switzerland, to meet President Karin Keller-Sutter and separately with the Chinese representatives. A press release from the Ministry of Finance states that Bessent "will also meet the senior representative for economic affairs of the People's Republic of China", while a separate message reports that Greer will "meet his colleagues from the People's Republic of China to discuss trade matters".

explanations of the US official

Greer commented on the upcoming conversations and said: "At the instructions of President Trump, I negotiate with countries to redesign our trade relationships in order to achieve mutuality, open new markets and to protect America's economic and national security." He added: "I am looking forward to productive meetings with some of my colleagues and to meet my team in Geneva, which is intensively working on promoting the interests of the USA in various multilateral matters."

Bessent commented on the upcoming discussions: "I am looking forward to productive conversations while we are working on re -balancing the international economic system in order to better serve the United States interests."

reaction of the financial markets

The futures of the US exchanges rose sharply after this announcement in the post-exchange. The Dow Futures scored 270 points, i.e. 0.7%. The wider S&P 500 futures rose by 0.8% and the Nasdaq futures by 1%.

The increase in stock prices in the past few weeks is due to the fact that Trump has announced exceptions to the massive tariffs of 145% for some Chinese products, including electronics. Investors hope that this step will indicate a possible agreement.

outlook on conversations

Bessent confirmed that there were no active discussions between the two countries, but signs of a signing relaxation were recognizable. Both Trump and better said that the high tariffs in China are not sustainable, and China signaled last week that it was open to negotiations on trade.

reaction Chinas

In a Explanation the Chinese Ministry of Commerce declared that China agrees after a "thorough evaluation" was made after high -ranking American officials had been indicated several times that they were ready to adapt customs measures and contacted China via various channels.

A unrenal spokesman for the Chinese Ministry of Commerce said in the explanation: "Taking into account the global expectations, China's own interests and the concerns of American companies and consumers, China has decided to find dialogue with the USA." The spokesman emphasized that every dialogue or negotiation must be conducted on the basis of mutual respect, equality and mutual benefit.

"If the USA say a thing, but do the opposite or try to use conversations as a guise for continuing coercion and blackmail, China will not agree and will certainly not sacrifice its principles or international fairness and justice to achieve any agreement."

This story has been updated with further details.

Nectar Gan contributed to this report.