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Washington and Beijing will this week maintain their first talks on tariffs since US President Donald Trump launched a commerce struggle towards China that has rattled monetary markets and triggered considerations about international provide chains.
Treasury secretary Scott Bessent and US commerce consultant Jamieson Greer would meet their Chinese language counterparts in Switzerland later this week, in accordance with the 2 officers.
The assembly marks the primary high-level interplay between the international locations since Chinese language vice-president Han Zheng attended Trump’s inauguration in January.
“I sit up for productive talks as we work in direction of rebalancing the worldwide financial system in direction of higher serving the pursuits of america,” mentioned Bessent, who is about to fly to Switzerland on Thursday.
It comes as Washington and Beijing stay embroiled in a trade war. The US has imposed a 145 per cent tariff on imports from China, whereas China has put a retaliatory tariff of 125 per cent on American items.
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