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The US Department of Finance Secretary Scott Bensten testifies to the hearing of the Chamber Financial Services Committee, entitled “The Ministry of Finance Ministry’s Secretary in the State of the International Financial System”, on the Capitol Hill in Washington, May 20
Nathan Howard | Reuters
The White House on Sunday declared “commercial transaction” with China without providing specifics after Trump The administration staff spent the weekend negotiating with their Chinese counterparts.
Although the details of the deal are still unclear, any de -escalation in the ongoing trade war can lead to such a necessary relief of a global economy that is shaken after President Donald Trump April 2 Tariff MessageS
Secretary of the Ministry of Finance Scott Sunday said the trade conversations that took place in Geneva over the weekend are “productive”.
He said They gave the conversations Many performance and that it will give more details at a full briefing on Monday morning.
Beshen also said he and the US sales representative Jamison Greer They both spoke with president Donald Trump On Saturday night, “he is fully informed” about the discussions.
Greer said during Sunday comments that employees have reached some form of “deal” but do not provide any specifics. He welcomes discussions as “very constructive”.
“It is important to understand how quickly we were able to reach an agreement, which reflects that the differences may not have been as big as they might be considered,” Greer said.
“We are confident that the deal we have achieved with our Chinese partners will help us work to resolve this national emergency,” he added.
The Chinese employees who participated in the meetings also spoke positively.
The Deputy Prime Minister of the People’s Republic of China Life said the meeting “made significant progress and has made an important consensus.”
“The two countries have agreed to create a mechanism for consultation on commercial and economic issues,” Lifing said.
The representative of the International Trade in China Li Chengang suggested that a statement would soon appear with more details about the negotiations, but did not say when the statement would be published.
“As we say in China, if the dishes are delicious, time is not a matter,” Chengang said.
“I think no matter when this statement was published, it will be a big news. Good news for the world.”
High bet negotiations in Switzerland this weekend come against the background of widespread economic uncertainty arising from Trade War in the United States China.
The two nations are engaged in the Tariff Tit-for-tat during the weeks since Trump announced 145% Tariffs for BeijingS In response China raised his levies on US goods up to 125%.
Opposition has invaded the financial markets and caused fears of less and raising prices for consumers.
Trump praised the first day of discussions, writing that US officials have a “very good meeting today with China” on Saturday True Social PublicationS
“Many things were discussed, many agreed,” Trump writes. “Total reset agreed in a friendly but constructive way.”
Bestent said he and Greer met with China’s deputy premiere, in addition to two deputy ministers, which the Secretary of the Ministry of Finance called “integrated” in discussions.