INTRO: Chinese Vice Premier He Lifeng will lead trade talks with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer later this week in Switzerland, seeking to de-escalate a tariff standoff that has threatened to hammer both economies.
It will be the first confirmed trade talks between the countries since President Donald Trump announced punishing levies of as high as 145% on China that were met with retaliatory rates of 125% from Beijing. Laura Westbrook reports.
It will be the first confirmed trade talks between the countries since President Donald Trump announced punishing levies of as high as 145% on China that were met with retaliatory rates of 125% from Beijing. Laura Westbrook reports.