Trump authorities meet China - signs of trade negotiations

Trump authorities meet China - signs of trade negotiations

This week, two high -ranking employees of Donald Trump meet Chinese representatives to discuss topics in trade and business. This was announced by their authorities on Tuesday evening and indicates a possible relaxation in the trade war, which was triggered by President Trump's massive tariffs.

meeting in Genève

Finance Minister Scott Bessent and the US trade officer Jamieson Greer Reisen to Geneva, Switzerland. There they will meet with President Karin Keller-Sutter and the Chinese representatives, as the authorities announced.

expectations of the negotiations

Bessent said that a large trade agreement could not be expected from the talks, but he emphasized that this was an important step in the negotiations. "My impression is that this is about de -escalation, not about the big trade agreement ... but we have to dismantle the tensions before we can progress," he said.

He explained that Trump uses "strategic uncertainty" to "achieve the best possible trade agreements". "This happens with the trading partners who come to us," he added. "The world turned to the USA, and China was the lack of a piece of the puzzle. We do not want a separation; we strive for fair trade."

Explanation of the trade officer

Greer said in a message: “At the instructions of President Trump, I negotiate with countries to adjust our trade relationships, to achieve mutuality, to open up new markets and to protect America's economic and national security. I look forward to productive discussions with some of my counterparts and to visit my team in Geneva, which works tirelessly to work in a variety of the USA in a variety of to advance multilateral topics. “

reactions of the markets

The US futures rose in the afternoon in the post-market trade period. The Dow Futures rose by 270 points, which corresponds to an increase of 0.7%. The wider S&P 500 futures increased by 0.8%, while the Nasdaq futures rose by 1%.

In the past few weeks, the share prices have increased after Trump announced exceptions to the massive tariffs of 145% for some Chinese goods, including electronics. Investors hoped that this would indicate a potential agreement.

Besented statements before the congress

Bessent said on Tuesday before the congress that although the talks between the two countries are not active, signs of an emerging relaxation were recognizable. Both Trump and Besser have explained that the strict tariffs in China cannot remain high, and China showed willingness to take some negotiations in the field of trade last week.

position of China

In a Explanation The Chinese Ministry of Commerce said that China was willing to take negotiations after a "thorough evaluation" and in view of the repeated evidence of high -ranking American civil servants. Vice Prime Minister He Lifeng will meet better during his visit in Switzerland from May 9th to 12th.

An unauthorized spokesman for the Chinese Ministry of Commerce said in the declaration: “Taking into account the global expectations, China's own interests and the concerns of American companies and consumers, China has decided to deal with the USA.”

The spokesman emphasized that every dialogue or negotiation had to be based on mutual respect, equality and mutual benefit. "If the United States does one say and something else or try to use negotiations as an excuse for further forced measures and blackmail, China will not agree and will not sacrifice its principles or international justice to achieve an agreement."

This story has been updated with additional details.