Negotiations between the two countries continued for a second day in Geneva, Switzerland, to resolve the tensions caused by tariffs imposed by the US against China.
After the US decided to impose tariffs of over 100 percent on goods imported from China, China also decided to impose similar tariffs on goods imported from the US. For the first time since the introduction of tariffs, Chinese Vice Premier Liu He met with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer during the ongoing negotiations in Geneva. The talks that began on May 10 lasted for eight hours that day.
White House economic advisor Kevin Hassett said that China is very interested in participating in the negotiations. He also said that the country wants to re-strengthen trade relations between the two countries. Hassett further stated that the US will establish trade agreements with other countries as well within this week.
US President Trump has also said that the ongoing negotiations between the two countries are progressing well. Highlighting that many issues were discussed at the meeting, Trump said that the two countries agreed to “start anew” and discussed ways to achieve that in a constructive manner.
