The United States may announce trade agreements with some of its largest trade partners as early as this week, US treasury secretary Scott Bessent had recently said, offering no further details on the countries involved.
The administration is negotiating with 17 major trading partners, but had not yet engaged with China, he had said.
Meanwhile, a Chinese Commerce Ministry spokesperson yesterday said Beijing has decided to engage with the US side, taking into account global expectations, national interests and calls from the American industry and consumers.
A high-level economic and trade meeting between China and the United States is scheduled during Chinese vice premier He Lifeng’s upcoming visit to Switzerland from May 9 to 12. He, as the Chinese lead person for China-US economic and trade affairs, will meet Bessent there.
If the US wants to resolve the issues through negotiations, it must face up to the severe negative impacts its unilateral tariff measures have had on itself and the world, acknowledge the international economic and trade rules, fairness and justice, state-controlled Chinese media outlets cited the ministry spokesperson as saying.
ALCHEMPro News Desk (DS)
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