Announced by Washington on Tuesday evening, the meeting is seen as a signal of easing tensions in the ongoing trade war, which has negatively impacted the global economy and escalated with tariffs exceeding 100%.
The trade tensions, which peaked last month when US President Donald Trump imposed additional tariffs on several countries, had disrupted global supply chains, shaken financial markets, and put pressure on global growth. The discussions in Geneva are expected to cover issues such as general tariff reductions, taxes on specific product groups, export controls, and the removal of "de minimis" exemptions on low-value imports.
US Treasury Secretary Scott Bessent stated, "My sense is this will be about de-escalation. We've got to de-escalate before we can move forward."
A spokesperson for China's Ministry of Commerce also commented, stating, "On the basis of fully considering global expectations, China's interests, and the appeals of U.S. industry and consumers, China has decided to re-engage the U.S."
This meeting will be the highest-level contact since US Senator Steve Daines' visit to Beijing in March, where he met with Chinese Premier Li Qiang. The outcome of the meeting could have a direct impact on global trade dynamics, especially in steel and industrial products.
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