US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer were to hold meet China's top economic official He Lifeng in Switzerland for talks, reports Reuters.
us and Chinese officials said this could be a first step toward resolving the trade war now disrupting the global economy. News of the meeting sent US equity index futures sharply rising after a second day of losses.
The meeting with China's vice premier comes after months of escalating tensions that have seen duties on trade between the world's two largest economies soar well beyond 100 per cent.
The two sides are expected to discuss the reductions of the broader tariffs, two sources familiar with the planning told Reuters. The negotiating teams are also expected to discuss eliminating duties on specific products, US policies on de minimis and the US export control list, sources said.
SeaNews Turkey
us and Chinese officials said this could be a first step toward resolving the trade war now disrupting the global economy. News of the meeting sent US equity index futures sharply rising after a second day of losses.
The meeting with China's vice premier comes after months of escalating tensions that have seen duties on trade between the world's two largest economies soar well beyond 100 per cent.
The two sides are expected to discuss the reductions of the broader tariffs, two sources familiar with the planning told Reuters. The negotiating teams are also expected to discuss eliminating duties on specific products, US policies on de minimis and the US export control list, sources said.
SeaNews Turkey
