The conversations between the main US and Chinese officials resumed for the second day on Sunday, after the president of the United States, Donald Trump, said optimism about the negotiations aimed at discouraging the commercial tensions caused by his aggressive launch of rates.
In a social publication of the truth after the first day of conversations in Geneva on Saturday, Trump praised the “very good” discussions and considered them “a total restart in a friendly but constructive way.”
Previously, the Chinese state news agency Xinhua He also described the conversations in Switzerland as “an important step to promote the resolution of the problem.”
The second day of closed doors meetings between the United States Secretary of the United States, Scott Besent, the representative of the trade Jamieson Greer and the vice -first Chinese minister that Reument resumed shortly after 10 am (1 PM PKT) on Sunday.
Until Saturday, the conversations were held at the Swiss ambassador residence against the United Nations in Geneva, a discreet villa with blue sky blinds near a large park on the left shore of Lake Ginebra.
“These conversations reflect that the current state of commercial relations with these extremely high rates is not in interest in the United States or China,” said Citigroup’s world economist, Nathan Sheets. AFPcalling tariffs a “proposal to lose-perder.”
‘Good news’
The discussions are the first time that the senior officials of the two largest economies in the world have gathered face to face to address the issue of spiny trade since Trump slapped new taxes in China last month, which caused a solid reprisal of Beijing.
Tariffs imposed by Trump on the Giant of Asian manufacturing since the beginning of the year currently totaling 145 percent, with cumulative tariffs from the United States in some Chinese products that reach an amazing 245PC.
In retaliation, China put 125pc tariffs on US assets.
Before the meeting, Trump said he could reduce rates, which suggests in social networks that an “80pc tariff on China seems correct!”
However, its press secretary Karoline Leavitt clarified that the United States would not reduce tariffs unilaterally, and that China would also need to make concessions.
Upon entering the meeting, both parties made expectations of a great change in commercial relations, with Besent underlining an approach to “decallation” and not in a “great commercial business”, and Beijing insisted that the United States should relieve rates first.
The fact that conversations are even happening “are good news for businesses and financial markets,” said Gary Hufbauer, a non -resident member of the Peterson Institute for the international economy.
But Hufbauer warned that it was “very skeptical that there will be some return to something like normal US-China” commercial relations, even with a tariff rate of 70pc to 80 percent that can still reduce bilateral trade in half.
