USA, China, to conduct talks in Switzerland in the middle of Trump's trade war | Donald Trump

The US Finance Minister Scott Bessent says Washington does not want to decouple from China, but wants a fair trade.

The United States and China will conduct trade talks this week, according to the officials, since the two largest economies in the world are trying to de-escalate tensions that have led to a de facto-mutual trading bargo.

The talks would be the first official commitment between Washington and Beijing on the trade, since US President Donald Trump won a tariff of 145 percent on Chinese goods, which applied for a retaliation measure of 125 percent from China.

US Finance Minister Scott Bessent and US trade representative Jamieson Greer will take part in the talks for the US page, their offices announced in a statement on Tuesday.

The Chinese Vice Prime Minister He is represented Beijing, said China's Ministry of Foreign Affairs in a statement.

Companies and investors have been waiting for signs of thawing in the tensions in the U.S. China, as fears that a longer trade war in the global economy could cause serious damage.

The International Monetary Fund reduced its global growth forecast for 2025 to 2.8 percent in the middle of Trump's Handels Salvos last month.

Economists have increasingly warned of the possibility that the US economy will incorporate a recession into a recession this year.

The US economy shrank by 0.3 percent in the first quarter – a period before most of the Trump tariffs came into force – the first decline since the beginning of 2022.

In an interview with Fox News, after the talks were announced, Bessent said that the two sides had a “common interest” in conversations because the current tariffs were not sustainable.

“We don't want to decouple. What we want is fair trade,” Bessent told Fox News moderator Laura Ingraham.

Bessent said he expected the first talks to focus more on “de -escalation” than on a “large trade agreement”.

“We have to de -escalate before we can go forward,” he said.

The Chinese Ministry of Commerce said on Wednesday that the talks should run on the basis of “the basis for mutual respect, equality, consultation and mutual benefits”.

“As a Chinese saying says:” Listen to your words and watch your actions, “said a spokesman for the ministry.

“If the United States wants to solve problems through negotiations, it must recognize the serious negative effects of its one -sided tariff measures on itself and the world,” said the spokesman and added that the United States should “respect international economic and trade rules and the voices of fairness and reason from different sectors” and “correct their wrong actions”.