The White House announced on Sunday that a trade deal with China has been struck after two days of talks in Geneva. The announcement, in a press release, comes after US treasury secretary Scott Bessent told reporters that there had been “substantial progress” in talks between his team and that of the Chinese vice-premier, He Lifeng, in Geneva on defusing the trade war between the world’s two largest economies sparked by Donald Trump’s 145% tariffs. In remarks that were posted on social media by the White House, Bessent said he…
Tag: Switzerland
Trump claims ‘total reset’ in US-China trade relations after tariff talks in Geneva
Donald Trump has hailed a “total reset” in US-China trade relations after the first day of talks between top American and Chinese officials in Geneva aimed at defusing a trade war sparked by his tariff rollout. The US president praised the “very good” discussions and deemed them “a total reset negotiated in a friendly, but constructive, manner”. “We want to see, for the good of both China and the U.S., an opening up of China to American business,” he posted on his Truth Social platform early on Sunday, adding: “GREAT…
China Premier Li Qiang Says Economy Grew ‘Around 5.2 Percent’
China’s second-highest leader said Tuesday that his country’s economy had grown “around 5.2 percent” last year, providing an unusual early glimpse of important economic data a day before its official release. Speaking at the World Economic Forum in Davos, Switzerland, Premier Li Qiang, the second-highest official in China after Xi Jinping, said that China had beat its target last year of economic growth of about 5 percent. He also insisted that China had managed to expand the economy without using risky or short-term measures, like large spending or credit programs.…
Vetoes in U.N. Security Council Imperil Cross-Border Humanitarian Aid to Syria
The United Nations Security Council on Tuesday failed to adopt two rival resolutions to extend cross-border aid deliveries into northern Syria from Turkey, effectively cutting off a vital lifeline to about 4.1 million people in opposition-held territories. Russia vetoed a bid put forth by Brazil and Switzerland to extend one resolution for nine months, a compromise from an initial 12-month extension called for by the United Nations and international aid agencies. A second resolution put forth by Russia for a six-month extension was vetoed by Britain, France and the United…