China-US Trade Talks: A Step Towards Taming Tariffs?
US and China officials meet in Sweden to discuss tariffs and trade tensions. A possible extension of current tariffs is on the table. Analysts view this as groundwork for a future Trump-Xi meeting. Long-term solutions are needed for trade balance, focusing on structural changes in both countries.
- Country:
- Sweden
In a critical move to ease trade tensions, top officials from China and the United States have commenced a new round of discussions. The meetings, held in Sweden, aim to potentially extend current tariff suspensions between the two major economic powerhouses.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are engaging in talks that could lead to a promising dialogue between US President Donald Trump and Chinese President Xi Jinping later this year. This dialogue is seen as essential, following months of tariff disputes that have unsettled global financial markets.
The talks serve as an opportunity for both sides to address underlying issues such as trade deficits and market access, which have long troubled US-China economic relations. The resolution of these issues could be vital for stabilizing international trade dynamics.
(With inputs from agencies.)
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