The conversations between US and Chinese officials continued until their second day in Geneva on Sunday, since both parties discussed how to decline the commercial war that threatens to inflict important damage to the world economy.
The Vice Primer Chinese Minister that Lifeng met with the United States Secretary of the Treasury, Scott Besent, and the United States commercial representative, Jamieson Greer, in his first face -to -face meetings, since the two largest economies in the world imposed tariffs far above 100 percent of the goods of others.
The conversations were still underway after 3-1/2 hours on Sunday on the outskirts of Geneva, after eight hours of discussions on Saturday.
Besent declined to comment on journalists at his hotel before leaving for Sunday’s conversations.
But the Economic Advisor of the White House, Kevin Hasett, said the Chinese were “very, very anxious to participate in discussions and rebalance business relations with the United States.
Hasset also said Fox News That more foreign trade agreements could come with other countries as soon as this week.
During the night, the president of the United States, Donald Trump, gave a positive reading of the conversations, saying that the two parties had negotiated “a total restart … in a friendly but constructive way.”
“A very good meeting today with China, in Switzerland. Many things discussed, very agreed,” Trump published on his Truth social platform.
Trump added: “We want to see, for the sake of China and the United States, an opening of China to US businesses. Great progress made!”
He did not explain the progress.
Speaking in ‘Sunday Morning Futures’ in Fox News With Maria Bartiromo, Hassett said Beijing is anxious to re -establish business relations with the United States. “It seems that the Chinese are very, very anxious to play ball and re -normalize things,” said Hasett.
Hasset also said that more advertisements of commercial agreement could be imminent after the announcement last week of an agreement with the United Kingdom, and added that the Secretary of Commerce Howard Lutnick had informed Hasset in two dozen pending agreements in development with the US trade representative Jamieson Greer.
“Everyone resembles the United Kingdom’s offer, but each one is tailored,” said Hasett.
Closed villa
The negotiating teams gathered in the closed town of the UN ambassador of Switzerland, overlooking the Geneva Lake in the leafy suburb of Cologny. The black Mercedes vans with sirens transported to and from the place that was bathed in a bright sun.
Neutral Switzerland was chosen as the place after Swiss politicians approaches in recent visits to China and the United States.
Washington is trying to reduce its commercial deficit of goods from $ 295 billion with Beijing and persuade China to renounce what the United States says it is a mercantilist economic model and contributes more to global consumption, a change that would require politically sensitive national reforms.
Beijing has backed up what he sees as external interference. He wants Washington to reduce tariffs, clarify what he wants China to buy more and treat it as an equal world stage.
China Officer Xinhua news agency A comment on Saturday that the “reckless abuse of tariffs” of the United States had destabilized the world economic order, but added that negotiations represented “a positive and necessary step to solve disagreements and avoid greater escalation.”
With the distrust of Alto, both parties have been interested in not seems weak, and economic analysts had low expectations of an advance.
Trump said on Friday that an 80pc tariff on Chinese products “seems correct”, which for the first time suggests a specific alternative to the 145PC taxes that he has imposed on Chinese imports.
China could be looking for the same 90 -day exemption on the tariffs that Washington has given to other countries as negotiations are carried out, while any type of rate reduction and monitoring conversations would be considered positive by investors.
China is also provisionally scheduled to meet with the general director of the World Trade Organization, Ngozi Okonjo-Iweala, later on Sunday.
Since he assumed the position in January, Trump has increased tariffs on Chinese imports to 145 percent, citing unfair commercial practices and accusing Beijing not to stop the export of chemicals used to produce fentanyl, a lethal synthetic opioid.
China retaliates with 125 pieces retaliation tariffs and said it would not be inclined to the “imperialists” and thugs.
