China Trade War: Tariff Talks Resume
- WASHINGTON – In a potential de-escalation of trade tensions, Chinese leaders have agreed to new trade negotiations with the United states.
- Talks are scheduled between Treasury Secretary Scott Bessent, U.S.
- President Trump addressed the situation during a meeting with Canadian Prime Minister mark carney, stating that China's economy is "suffering greatly" due to reduced trade with the U.S.
China and the united States are set to resume trade negotiations in Geneva, Switzerland, a move indicating a potential softening of china’s stance amid mounting economic strain and the threat of notable job losses. Treasury Secretary Scott Bessent and U.S. trade Representative Jamieson Greer will meet with Chinese Vice Premier He Lifeng as China appears to be easing tariffs on certain American goods to alleviate pressure. President Trump has observed the economic difficulties impacting China, with reports of backlogged ports and decreased cargo bookings leading to widespread layoffs. Economic analysts, like Steven mosher, predict up to ten million Chinese workers might potentially be unemployed in the coming weeks, which coudl trigger social unrest. Stay informed with News Directory 3 for updates on the ongoing trade war. Discover what’s next as the talks unfold and impact global trade flows.
China, US to Resume Trade Talks Amid Economic pressure
WASHINGTON – In a potential de-escalation of trade tensions, Chinese leaders have agreed to new trade negotiations with the United states. The move comes as China faces increasing economic pressure and the potential for significant job losses.
Talks are scheduled between Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, and chinese Vice Premier He Lifeng later this week in Geneva, Switzerland. The resumption of high-level discussions signals a possible shift in China’s approach to the ongoing trade dispute.
President Trump addressed the situation during a meeting with Canadian Prime Minister mark carney, stating that China’s economy is “suffering greatly” due to reduced trade with the U.S. He claimed ships carrying chinese goods are being turned around in the Pacific Ocean.
Steven Mosher, president of the Population Research Institute, believes China is in retreat and facing increasing internal challenges. He noted that China has been quietly relaxing tariffs on over 130 types of American goods.
Reports indicate that Chinese ports are experiencing a backlog of containers that missed tariff deadlines. Cargo bookings have reportedly decreased by nearly half, leading to layoffs for thousands of Chinese factory workers. Mosher predicts the situation will worsen.
Mosher estimates that “ten million Chinese workers” could lose their jobs in the coming weeks, potentially without severance pay. He suggests this could lead to widespread protests against the government of Xi Jinping.
Beijing recently offered to increase efforts to halt the flow of fentanyl into the U.S.in exchange for lower tariffs. however, Mosher remains a strong advocate for maintaining tariffs on Chinese goods. He suggests shifting supply lines to countries like India, Mexico, or even back to the United States.
“Let’s buy goods made in India or Mexico or the United States and, you know, restore our supply lines hear to our own country,” Mosher saeid.
During the meeting with Carney, President Trump indicated he is not yet ready to remove tariffs on Canada. Carney responded to trump’s previous remarks about Canada, asserting that the country “is not for sale.”
What’s next
The upcoming trade talks in Geneva will be closely watched for signs of progress toward resolving the trade dispute and easing economic pressures on both countries. The outcome could considerably impact global trade flows and economic stability.