This weekend marks the first significant dialogue between US and Chinese officials since tariffs were imposed by the Trump administration. Treasury Secretary Scott Bessent indicated that the primary focus will be on de-escalating tensions rather than negotiating a comprehensive trade deal. The talks, taking place in Switzerland, will include discussions with Switzerlandâs president and Chinese economic representatives. Bessent emphasized the importance of reducing hostilities before making further progress in trade relations, revealing a measured approach towards the complex economic landscape between the two nations.
We've agreed to talk - then on Saturday and Sunday, we will agree on what we're going to talk about.
My sense is that this will be about de-escalation, not about the big trade deal.
There isn't a first call. There are a lot of contact points over time.
The world has been coming to the US, and China has been the missing piece.
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