The New York Times: US -Chinese negotiations "High -risk" It starts in Geneva in the midst of global anticipation
Senior Economists from the United States and China are preparing to hold a high -risk negotiating round & quot; In the city of Geneva, today, Saturday, in talks that may contribute to drawing the features of the future of the global economy affected by the repercussions of the trade war launched by former US President Donald Trump.
The New York Times & quot; The American that the meetings, scheduled to continue until Sunday, are the first of its kind since the Trump administration raised customs tariffs on Chinese imports to 145%, and Beijing replied with the imposition of corresponding customs duties of 125% on American goods. It led to the shrinking volume of trade exchange between the two largest economies in the world, which raised wide concerns about the possibility of entering the global economy in a recession. Negotiations.
I explained & quot; New York Times & quot; The arrival of an agreement to hold these talks took several weeks, which reflects the complexity of bilateral relations and the tangle of the outstanding files between Washington and Beijing. However, the mere agreement on the start of the dialogue revived the hopes of the possibility of reducing tension and reducing customs duties later. Investors and economists closely follow the course of these negotiations, in anticipation of the possibility of a comprehensive economic war between the United States and China, which may lead to a global economic slowdown and a rise in basic commodity prices. In this context, companies, especially those based on Chinese imports, are awaiting the results of these talks amid their endeavor to adapt to new taxes and the prevailing uncertainty. The American delegation is headed by Treasury Secretary Scott Besent, accompanied by American commercial actor Jamison Jarir, who contributed to the development of the Economic policies of the Trump administration during his first term. While the Chinese Deputy Prime Minister, Leving, leads his country’s delegation, while Beijing has not yet confirmed the identity of the rest of the delegation, or whether the Chinese Public Security Minister Wang Xiao Hong will participate in the meetings. The newspaper pointed out that the participation of Minister Wang, if completed, may reflect an American interest in discussing the issue of the flow of a property & quotel & quot; The cause of addiction from China to the United States, and it is one of the most prominent files that Trump raised repeatedly.
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