The United States and China to launch official trade talks

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Washington and Beijing this week will hold their first trade talks since US President Donald Trump launched a trade war against China, which rocked financial markets and raised concerns about supply chains.

Treasury Secretary Scott Beesen and American Trade Representative Jameson Jarir will meet their Chinese counterparts in Geneva this week. China said the Deputy Prime Minister said that Living, its official in the supreme economy, would lead its delegation.

The meeting will be the first high -level interaction between the two sides since Vice President Han Cheng attended Trump’s inauguration in January.

“I look forward to fruitful talks while we are working to balance the international economic system towards providing the interests of the United States better,” said Pesin, who is scheduled to travel to Switzerland on Thursday.

The meeting represents the first real effort to address Trade war. Washington imposed a tariff of 145 percent on imports from China, while Beijing had slapped a 125 percent revenge tariff on American goods.

It is the first positive sign for companies that were concerned about the level of the registry Definitions Place both sides on each other. It also comes after Trump said on multiple occasions that the countries were negotiating, which were opposed by his team.

Washington and Beijing were immersed in the face. Trump wanted to speak directly to his counterpart, Shi Jinping, but China has made it clear that it would not hold an invitation at the leader level to start negotiations.

Beijing had said earlier that the United States should reduce the definitions as a pre -negotiating condition, but it seemed to have eased its position last week when the government media said it would be there “There is no harm” in holding talks With Washington.

She appeared in front of Congress earlier on Tuesday, Bessin legislators told the legislators that although the Trump administration was negotiating with 17 out of 18 of its main commercial partners, it had not held any trade talks with Beijing.

Last month, Trump raised a sale in global stock markets after imposing a “mutual” tariff of up to 50 percent on almost every American trading partner. Then reduce the drawings to the foundation line by 10 percent for 90 days.

The United States is in talks with multiple countries to try to reach more permanent agreements, but it is not clear how much the Trump administration is ready to reduce customs tariffs, or any of them seen as negotiable.

The Trump administration has also indicated that it is preparing to announce more definitions in many sectors it deals with. In recent weeks, national security investigations that could lead to fees on chips, consumer electronics, wood, copper, pharmaceutical preparations and critical minerals have been launched. During the weekend, Trump threatened to put definitions on Foreign animated pictures.