GENEVA (Reuters) -U.S. Treasury Secretary Scott Bessent mentioned on Sunday that there had been “substantial progress” in talks between his group and that of Chinese language Vice Premier He Lifeng in Geneva on defusing a commerce warfare between the world’s two largest economies.
Bessent mentioned he would give extra particulars on Monday, whereas U.S. Commerce Consultant Jamieson Greer, additionally on the talks, mentioned the variations between the 2 sides weren’t as nice as beforehand thought.
“I am joyful to report that we have made substantial progress between the USA and China within the essential commerce talks,” Bessent informed reporters.
Bessent mentioned he had knowledgeable President Donald Trump of the progress of the talks, and there can be a whole briefing on particulars on Monday.
The talks had continued right into a second day on Sunday as each side mentioned methods to de-escalate a commerce warfare that threatens to inflict main injury on the world economic system.
(Reporting by Emma Farge and John Revill; Enhancing by Hugh Lawson and Ros Russell)
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