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– Key talking points: The meeting will discuss tariffs, economic plans and their potential impact on the markets.

This is the first official dialog between the U.S. and China since the duty hike.

The world’s trading floors are awaiting results that will have an impact on international politics.

He Lifeng will lead a Chinese delegation to Switzerland for an economic dialog with U.S. Treasury Secretary Scott Bessent, scheduled for May 9-12. The China-U.S. economic talks are aimed at addressing escalating trade tensions affecting global markets.

He Lifeng, one of China’s top officials, is leading the Chinese delegation to Switzerland, which will be the first official visit after the recent strain in relations. U.S. Treasury Secretary Scott Bessent will attend the talks, which will be held from May 9 to 12. They are aimed at resolving a long-running trade conflict that has led to significant tariffs.

China’s position is clear: the door for dialog is open, but any discussions should be based on mutual respect and equality. Both countries are experiencing economic difficulties as tariffs affect trade flows and market activity. This meeting has the potential to reduce tensions and lead to adjustments in existing tariff policies.

Market watchers and financial analysts are closely following the developments. Statements from both sides emphasize the importance of creating a fair basis for trade negotiations and the need for balanced economic measures. According to He Lifeng, Vice Premier He, as head of China-US economic and trade relations, will meet with the head of the US side, Treasury Secretary Scott Bessent.

Interesting to know? In 2018, China responded to U.S. steel tariffs with its own duties, affecting 128 categories of U.S. goods.

Historically, the U.S.-China dialog has undergone changes, most notably, the Joint Commission on Trade and Commerce ceased operations in 2016. The resumption of talks reflects attempts to stabilize bilateral trade and address broader economic issues. Experts believe a positive outcome could revitalize investment interest and adjust trade practices.

Economic analysts point to the need for a strategic adjustment in trade policy to prevent further market disruptions. Historical trends show that prolonged imposition of tariffs negatively affects the economies of both countries. Financial markets are assessing the possible consequences by looking at changes in taxation and economic unions.

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John Kojo Kumi is a cryptocurrency researcher and writer specializing in startups, tokenomics, and market dynamics in the blockchain ecosystem. With years of experience in cryptojournalism and blockchain research, he covers decentralized finance (DeFi), NFT and Web3 innovations in depth.