U.S.-China Trade Talks Set to Begin in Switzerland
U.S. Treasury Secretary Scott Bessent announced the commencement of trade negotiations with China, starting on Saturday in Switzerland. White House trade adviser Peter Navarro will not be participating, and discussions are deemed to be at an early stage, as confirmed during a House committee hearing.
- Country:
- United States
In a crucial development, U.S. Treasury Secretary Scott Bessent confirmed that trade discussions with Chinese officials are set to kick off in Switzerland this Saturday. The talks are being described as 'negotiations' and indicate the start of a new chapter in U.S.-China economic relations.
Although a key figure in the Trump administration's trade policy, White House trade adviser Peter Navarro will not be joining Bessent and U.S. Trade Representative Jamieson Greer for these discussions. The setting in Switzerland underscores the significance attached to these initial rounds of talks.
During a recent hearing by the House Financial Services Committee, Bessent was questioned about the level of advancement in these discussions. He clarified that the process will be in its infancy, as Saturday marks merely the beginning of negotiations.
(With inputs from agencies.)
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