What's happened
U.S. Treasury Secretary Bessent will meet with China's lead economic representative on Thursday, marking the first confirmed trade discussions since the imposition of tariffs by the Trump administration. The talks aim to address trade tensions and explore de-escalation strategies.
What's behind the headline?
Key Points:
- High Stakes: The upcoming meeting is crucial as it represents the first formal dialogue since the U.S. tariffs were enacted, which have been described as punitive.
- Focus on De-escalation: Treasury Secretary Bessent indicated that the discussions will likely center on de-escalation rather than a comprehensive trade deal, suggesting a cautious approach to negotiations.
- Strategic Uncertainty: Bessent emphasized that the current tariff levels are unsustainable, hinting at potential adjustments to facilitate negotiations. This reflects a broader strategy to rebalance trade relations.
- Chinese Representation: The Chinese delegation is expected to include Vice-Premier He Lifeng, indicating the seriousness of the discussions from the Chinese side.
- Future Implications: The outcomes of these talks could significantly impact U.S.-China relations and global trade dynamics, especially if they lead to a reduction in tariffs or new agreements.
What the papers say
According to the NY Post, Bessent stated, "We’ve agreed to talk – then on Saturday and Sunday, we will agree on what we’re going to talk about," highlighting the preliminary nature of the discussions. The South China Morning Post noted that Greer and Bessent will also meet with Swiss President Karin Ketter-Sutter, indicating a broader diplomatic effort. The Japan Times confirmed that this meeting will be the first since the tariffs were imposed, underscoring its significance in the current economic climate.
How we got here
The U.S. has imposed significant tariffs on Chinese goods, leading to heightened trade tensions. Recent discussions between U.S. officials and their Chinese counterparts have been aimed at finding common ground and addressing economic imbalances.
Go deeper
- What are the main issues being discussed?
- How might these talks affect tariffs?
- Who are the key players in the negotiations?
Common question
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What to Expect from the Upcoming US-China Trade Talks?
As the US and China prepare for their first trade discussions since the imposition of tariffs, many are wondering what key issues will be addressed and how these talks could impact global markets. With tensions high and economic imbalances at play, understanding the agenda and potential outcomes is crucial for businesses and investors alike.
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How are global tensions affecting international relations?
As global tensions rise, particularly in the context of hostage situations, trade negotiations, and political shifts, understanding their impact on international relations is crucial. This page explores how these factors intertwine and influence global diplomacy.
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What Impact Do Trump's Policies Have on Global Affairs?
Donald Trump's presidency has left a significant mark on global politics, particularly through his economic policies and leadership style. As countries navigate the complexities of international relations, many are left wondering how Trump's decisions affect their own political landscapes. Below, we explore key questions surrounding the implications of Trump's policies on global affairs.
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Switzerland, officially the Swiss Confederation, is a country situated in the confluence of Western, Central, and Southern Europe. It is a federal republic composed of 26 cantons, with federal authorities based in Bern.
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Donald John Trump is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.
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Scott K. H. Bessent is an American hedge fund manager. He is the founder of Key Square Group, a global macro investment firm, and worked as a financier for George Soros.
Bessent has been a major fundraiser and donor for Donald Trump. He was an economic ad
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Jamieson Lee Greer (born 1979 or 1980) is an American government official, attorney and former Air Force officer who is serving as the 20th United States trade representative in the second Trump administration since February 2025. A member of the Republic