(Source: Russian Satellite News Agency 2025-05-12)

China and the United States have announced the progress of the first face-to-face w88 online live casino negotiations since Trump imposed 145% tariffs on China, China imposed 125% tariffs on U.S. goods and implemented stricter controls on rare earth exports.

High-level Sino-US economic and w88 online live casino talks were held in Geneva, Switzerland from May 10 to 11. China-led China-US economic and w88 online live casino leaders and Vice Premier He Lifeng and US Treasury Secretary Bescent spoke at the meeting.

Bester was pleased to announce "significant progress has been made in extremely important w88 online live casino negotiations," the White House Press Office quoted him. The U.S. Treasury Secretary pointed out, "The negotiations are fruitful."

The two sides have agreed to reduce tariffs by 115% within 90 days. Professor Alexei Maslov, director of the Institute of Asia and Africa at Moscow State University and an expert at Valde International Discussion Club, said in an interview with Satellite News Agency, "It is very likely that both sides have realized that dialogue can be held and that the situation will not worsen."

Commenting on the results of the Sino-US Geneva talks, he said: "Of course, other measures to open up the Chinese market to US goods were also discussed. This will be a long-standing problem because no one wants to lose face, both the United States and China. At least for the rest of the year. We will see several rounds of such negotiations. But it is already very good to have such progress."

Professor Alexei Maslov believes that "the most important and obvious thing is that China and the United States will eliminate obstacles in mutual w88 online live casino, which of course will affect regional and global w88 online live casino."

Maslov continued: "Today, the United States imposes tariffs on many countries that cooperate with China in one way or another, including those that create additional profits for Chinese goods. First, here is the Southeast Asian countries. China believes that being responsible for these countries with its key partners will gradually reduce tariffs to these countries, and regional w88 online live casino will work normally."

Wang Zhimin, researcher at the National Institute of Opening-up of China University of International Business and Economics and Director of the Institute of Globalization and Modernization of ChinaCommenting on the results of the China-US talks, it pointed out that "we hope to start with this talks, and the two countries can further strengthen communication and exchanges and understanding through consultation mechanisms, and jointly promote the positive development of China-US economic and w88 online live casino relations."

Director Wang Zhimin said:"Although the Sino-US tariff dispute is manifested in w88 online live casino barriers, it actually touches on the core issues of national sovereignty, security and development interests. China has always been clear about this and firmly safeguards the core interests of the country. But at the same time, China has always advocated and insisted on resolving international issues through diplomatic means and resolving disputes through equal dialogue and negotiation. China's attitude towards the tariff war launched by the United States is very clear, 'We are unwilling to fight, and we are not afraid of fighting. Fighting, we are willing to accompany the end; talking, the door is open.' At present, the continued escalation of the tariff war between China and the United States has substantially pushed the two countries toward a state of economic and w88 online live casino "decoupling". But in fact, China-US economic and w88 online live casino relations are highly complementary, and it is difficult for both sides to truly achieve "decoupling". Fighting a tariff war will only bring losses to the two countries, especially the United States, which is even greater. We can see that both Trump and US officials have expressed their desire to negotiate with China recently. Moreover, Trump is still facing pressure from multiple challenges such as domestic inflation, decline in approval ratings, and fiscal expenditure. I think these are all on the decline of the Sino-US tariff dispute.

On Monday, the global market responded positively to the launch of w88 online live casino negotiations between China and the United States. Prices of Brent crude oil July futures and WTI June futures showed a slight increase.

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