The Tariff Tango: What’s at Stake?
Vice Premier He Lifeng will meet U.S. Treasury Secretary Scott Bessent in Switzerland from May 9-12, marking the latest attempt to ease trade tensions. China’s Ministry of Commerce framed the talks as a response to recent U.S. signals about adjusting tariffs, while emphasizing Beijing’s red lines 🚩.
Why Now?
The U.S. has faced backlash over its 'unilateral tariff measures' that China calls 'illegal and unreasonable,' sparking global economic concerns. But with American officials now hinting at flexibility, Beijing says it’s engaging—but only if Washington 'corrects its wrongdoings' first.
The Non-Negotiables
- 🇨🇳 Demand 1: U.S. must acknowledge harm caused by tariffs
- 🤝 Principle: 'Mutual respect, equal consultation, mutual benefit'
- ⚠️ Warning: 'Appeasement can’t bring peace' – compromise isn’t on the table
Global Ripples 🌊
China stressed its commitment to the WTO-led trade system and vowed to 'resist protectionism' with allies. As students and investors watch closely, one question lingers: Can both sides turn posturing into progress? 🕊️
Reference(s):
China’s Ministry of Commerce answers question on China-U.S. talks
cgtn.com