Treasury Secretary Scott Payette said that Beijing has a choice about whether it is a reliable partner with the rest of the world, hacker that China needs to turn into a more economy that leads consumption to help reduce global imbalances.
“They either want to be a reliable partner in the rest of the world, or they do not do it,” Pesin said on the video link to the Swiss American Foundation in Zurich on Tuesday.
He said: “They are in the midst of a large property-I will not be concerned and say the crisis-but excessive real estate and the way they settle on the stability of their economy is the lack of export of contraction and excess products to the rest of the world.” “The way to do this is through a level of financial motivation, stopping the excessive manufacturing, and enjoying a proper foot of the consumer economy.”
Bessent did not comment on a possible invitation between President Donald Trump and President Xi Jinping, which White House officials have indicated.
The largest economist in the worldFingersIn each other because of their violation of the terms of a deal, they announced three weeks ago in Geneva to stop the customs tariff against the coatings until mid -August to give time talks to play.
“Trump wants the United States to become more than a manufacturing economy,” said Pesin. He said that U..S is trying to remain a destination for foreign and local investment with tax cuts, trade balance and abolition of restrictions, adding that careful manufacturing is one of the goals of the Trump administration.
Pisent also said he sees unpopular potential for Switzerland and the United States to cooperate more in artificial intelligence and financial services. He said that US officials will continue to work with their Swiss counterparts to simplify global financial regulations, update capital requirements and continue to communicate with each other in major macroeconomic issues.
July 9 Extension
Switzerland is among the many countries trying to negotiate a bilateral trade deal with the United States to avoid increasing the mutual tariff of Trump by 10 % to a higher level specified on April 2-31 % in the Switzerland case-when the 90-day re-postponement process ends on July 9.
Speaking earlier in the same forum, Helen Bodelger, Swiss Commercial Officer, said that Switzerland has confirmed by the United States that the customs tariff will remain at its current level by 10 % instead of reaching 31 %, even if negotiations extend on July 9.
Switzerland has been informed “several times”, both by Minister Payette and American Trade Representative, Jameson Jarir, that the time will extend, “as long as there is a perception that we are negotiating in a well -intentioned way – the only way to negotiate Swiss,” Bloomberg told a TV.
Swiss President Karen Keeler Strip had previously said.clear“The deadline will be transferred as long as the talks continue, but there was no confirmation in the United States. Graphics compromise About cutting the customs tariffs of agricultural commodities does not produce the country significantly.
Budlieger added that both sides have started “a completely detailed conversation about what a deal can be like the United Kingdom between the United States and Switzerland.” She said that there are “relatively concrete ideas” on the table.
She also said that Switzerland is suffering from global steel production alongside the United States
This story was originally shown on Fortune.com
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