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Washington and Beijing will hold their first talks on prices this week since US President Donald Trump launched a trade war against China that rocked the financial markets and aroused concerns about world supply chains.
The Treasury Secretary Scott Bessent and the US trade representative Jamieson Greer would meet their Chinese counterparts in Switzerland later this week, according to the two officials.
The meeting marks the first high-level interaction between countries since Chinese vice-president Han Zheng attended the inauguration of Trump in January.
“I look forward to productive discussions when we are working to rebalance the international economic system towards a better function of the interests of the United States,” said Bessent, who is expected to go to Switzerland on Thursday.
It comes when Washington and Beijing remain involved in a trade war. The United States has imposed a 145% rate on imports from China, while China has put a 125% reprisal rate on American goods.
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