United States, China for talks in Switzerland in the Trump trade war Donald Trump

US Treasury Secretary Scott Beesen says Washington does not want to separate it from China, but she wants “fair trade”.

The officials said that the United States and China will hold trade talks in Switzerland this week, because the world’s largest economist seeks to cancel tensions that led to a mutual trade ban on reality.

The talks will be the first official participation between Washington and Beijing in trade since US President Donald Trump slapped a 145 percent tariff for Chinese goods, which prompted 125 percent revenge for China.

Their offices said in a statement on Tuesday that US Treasury Secretary Scott Beesen and American Trade Representative, Jameson Jarir, will attend talks with the United States team.

The Chinese Deputy Prime Minister said in a statement in a statement that the Chinese Deputy Prime Minister will represent Beijing.

Companies and investors were eagerly awaiting signs of ice melting in American -Chinese tensions, amid fears that a long trade war could cause severe damage to the global economy.

Last month, the International Monetary Fund reduced its global growth expectations for a period of 2025 from 3.3 percent to 2.8 percent in Trump’s trade.

Economists have increasingly warned of the possibility of moving the American economy to recession this year, as JP Morgan Research put this 60 percent possibility.

The American economy decreased by 0.3 percent in the first quarter – a period before most Trump’s tariff came into effect – the first decrease since early 2022.

In an interview with Fox News after the announcement of the talks, Bessent said that the two sides had a “common attention” in talks because the current levels of definitions were not sustainable.

“We do not want his chapter. What we want is a fair trade,” Besent told Fox News to Laura Inganham.

Pisent said he expected the initial talks to focus on “canceling the escalation”, rather than a “big business deal.”

“We must cancel the escalation before we can move forward,” he said.

The Chinese Ministry of Commerce said on Wednesday that the talks should continue on “the basis of mutual respect, equality, consultation and mutual benefits.”

A ministry spokesman said: “As the Chinese proverb says,” Listen to their words and monitor their actions. “

“If the United States wants to solve issues through negotiation, it must recognize the severe negative effects that the tariff measures were unilaterally and the world,” said a spokesman for the negative impacts that the tariff measures on the one hand and the world, adding that the United States must “respect the international economic and commercial rules, the sounds of fairness and the mind from different sectors” and “correct its illegal actions.”