Trade Talks: Could Customs Duties Pause?

In a statement that could signal a new direction in ongoing trade negotiations, Swiss Economy Minister Guy Parmelin suggested that the U.S. and China might agree to temporarily suspend customs duties. This announcement comes as both countries engage in talks in Geneva, aiming to ease economic tensions.

Parmelin noted that the possibility of a mutual suspension of customs duties is one among various scenarios being considered by the negotiating parties. This suspension could potentially pave the way for more effective and constructive discussions between the world's largest economies.

The idea of a temporary halt to tariffs underscores the complexity and urgency of these trade talks, reflecting the international community's interest in resolving protracted trade disputes amicably. Observers will be closely watching how these negotiations unfold and what practical measures emerge.

(With inputs from agencies.)