US-China tariff talks to continue Sunday after first day wraps up while shrouded in secrecy

Sensitive conversations between the United States and China delegations, which threaten to increase the world economy, have ended after the long talks and will resume on Sunday, Association Press.

There was no immediate indication of whether Saturday was a progress made by the Treasury Secretary Scott Besse, a delegation led by the delegation.

The official who spoke to A.M asked anonymity due to the sensitivity of the talks, which can help stabilize the negotiations to the US-China-China in secrecy, and neither side interprets reporters.

Several black car detachments in Geneva left the Swiss Ambassador to the UN, in which the talks were addressed to the escalation of tensions between the two major economies of the world. From both sides, diplomats also confirmed that the talks took place.

Saturday talks were held in the 18th century “Villa Sallin” summaries, looking at Lake Geneva. The former property in 1973

The prospects for large promotion are seen. But there is hope that the two countries will restore the mass taxes. Tariffs.

US President Donald Trump lifted US tariffs on China last monthcombined 145%And China answered, charging American imports 125%. Tariffs, which, in fact, make up countries, boycotting each other’s products, preventing the trade, which led $ 660 billion last year.

Even before the talks started, Trump offered Friday that the United States can reduce its tariffs on China, saying in the truth. “80% tariff seems correct. Before Scott“

The China Program Director at Sun Yun, Stimson Center, mentioned that it is the first time he will speak. He doubts that the Geneva meeting will bring any significant results.

“The best scenario should agree on both sides to agree … at the same time,” he said, adding even a small reduction. “It simply came to our notice then.”

When returning to the White House in January, Trump aggressively used tariffs asHis favorite economic weaponA number he, for example,Posted on 10% tax importFrom almost every country in the world.

But the fight with China was more intense. His tariffs on China include 20% charges called Pekin to do more to stop the bottom of the synthetic opium in the United States. The remaining 125% involves a dispute, which starts with Trump’s first term and has been charged at that time, which means that the total tariffs of some Chinese goods can exceed 145%.

During the first Trump’s first long time, the United States claimed that China uses an unfair tactic to give itself to advanced technology such as quantum calculations and driver’s cars. They include US and other foreign companies to force the trade secrets to enter the Chinese market. Using the government money to subsidize internal technology enterprises. and a clear steal of sensitive technologies.

These problems were never completely solved. After about two years of negotiations, the United States and China have reached the so-called stage on January 2020. The United States agreeds that we do not fall into American products even with China’s even higher tariffs. Difficult issues such as China’s subsidies remain future talks.

But China did not go through the promised purchases, partly because Sovim 19 thwarted global trade, one ceasefire was announced.

The fight against China’s technological policy is now resuming.

Trump also grew up with a mass deficit of American trade with China, which last year amounted to 263 billion dollars.

Trump slaps overload tariffs in Switzerland

On Friday, Basez in Switzerland and Gerir also met with Swiss President Karin Keler-Lies.

Trump last monthSuspended Programs:SLAP THY 31% tariffs on Swiss products – more than 20% charges, which he plowed to the European Union exports. So far, he has reduced those taxes by 10%, but can re-raise them.

Loading the government shows a cautious approach. But it has warned the Swiss industry on the Swiss industry, such as clocks, coffee capsules, cheese and chocolate.

“The growth of trade tensions is not in Switzerland’s interests.

The government said that Saturday’s Swiss exports were subject to an additional 10% tariff, and on Wednesday.

The United States is the second largest trading partner of Switzerland after the EU, a 27-member bloc, almost surrounding more than 9 million carbonated alpine. The government noted that the US-Swiss trading of goods and services has quadruped in the last two decades.

The Swiss government said that Switzerland has lifted all industrial tariffs on January 1 last year, which means that 99% of all the goods in the United States may be imported to Switzerland.

This story was originally shown Fortune.com