Treasury Secretary Scott Bessent stated that there will be meetings between American and Chinese officials on trade this weekend to discuss de-escalation and setting the agenda for future talks, rather than a big trade deal.
Key Points
Meetings to be held between American and Chinese officials in Switzerland
Focus on de-escalation rather than a comprehensive trade deal
President Trump's willingness to impose tariffs if negotiations do not progress favorably
Pros
Opportunity for de-escalation in US-China trade tensions
Potential for progress in future trade negotiations
Cons
Uncertainty and lack of information about the US strategy in trade talks