U.S. Treasury, Trade Officials Meet China in Switzerland for Trade Talks

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with their Chinese counterparts in Switzerland to discuss trade issues, marking the first publicly confirmed negotiations since the Trump administration imposed significant tariffs on Chinese goods. These discussions follow a period of escalating tensions, with the U.S. increasing tariffs on China as part of broader measures targeting multiple countries, and China responding with retaliatory tariffs. Both Bessent and Greer emphasized the goal of rebalancing international trade to better serve U.S. interests and achieving greater reciprocity. The talks are expected to cover a range of multilateral issues and reflect ongoing efforts by the U.S. to negotiate new trade terms globally. The meetings also include discussions with Swiss officials and engagement with the World Trade Organization in Geneva.