US-China commerce talks ‘optimistic’ step towards de-escalation: WTO chief, ETCFO
Geneva, Might 09, 2025 -WTO chief Ngozi Okonjo-Iweala welcomes talks between US and Chinese language officers this weekend as a “optimistic and constructive step towards de-escalation” of their commerce struggle, a spokesperson stated Friday.
US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng are set to satisfy in Geneva in an try to chill the commerce struggle between the world’s two largest economies.
“Sustained dialogue between the world’s two largest economies is crucial to easing commerce tensions,” the World Commerce Group spokesperson stated.
These are the highest-level talks between Beijing and Washington since US President Donald Trump launched a commerce struggle following his return to the White Home earlier this 12 months.
Since then, the 2 sides have been imposing ever-increasing tit-for-tat tariffs on one another’s merchandise, inflicting turmoil of their respective economies and, extra usually, in the remainder of the world.
The talks in Geneva — being held at Washington’s request, based on Beijing — are shrouded within the utmost secrecy; neither the time nor the placement, not to mention the exact agenda, have been made public.
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