The U.S. Treasury Secretary will travel to Switzerland to conduct trade negotiations with the Chinese side.

Gate.io News bot message, Bloomberg reported that U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer plan to meet with Chinese officials in Switzerland this week to initiate a new round of U.S.-China trade negotiations. This is the first formal trade contact confirmed by both sides since the Trump administration announced a new round of high tariffs on China. The talks aim to ease the current trade tensions and discuss cost pressures on manufacturing and consumer goods.

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