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

China and the United States announced progress in their first face-to-face w88 talks since Trump imposed 145% tariffs on China, China imposed 125% tariffs on U.S. goods, and implemented stricter controls on rare earth exports.

China-US high-level economic and w88 talks were held in Geneva, Switzerland from May 10th to 11th. Vice Premier He Lifeng, the Chinese leader of China-U.S. Economic and w88 Affairs, and U.S. Treasury Secretary Bessant, the U.S. leader, spoke at the meeting. He Lifeng said, "The high-level Sino-US economic and w88 talks were candid, in-depth and constructive, reaching important consensus and making substantial progress. The talks laid the foundation and conditions for further eliminating differences and deepening cooperation. Both sides agreed to establish a Sino-US economic and w88 consultation mechanism.

Bessent is pleased to announce "significant progress in critically important w88 negotiations," the White House Press Office quoted him as saying. The U.S. Treasury Secretary noted, “The negotiations were productive.”

The two sides have agreed to mutually 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 the Valdai International Discussion Club, said in an interview with Sputnik News, “It is very possible that both sides have realized that dialogue can be carried out and the situation will not worsen.”

When commenting on the results of the Sino-US talks in Geneva, he said: "Of course other measures to open the Chinese market to American goods were also discussed. This will be a long-term problem because no one wants to lose face, neither the United States nor China. At least for the rest of this year. We will see several rounds of such negotiations. But it is good to have such progress."

Professor Alexey Maslov believes that "the most important and obvious thing is that China and the United States will remove obstacles to mutual w88, which will of course affect regional and global w88."

Maslov continued: "Today, the United States has imposed tariffs on many countries that cooperate with China in one way or another, including countries that create additional profits for Chinese goods. First of all, this refers to Southeast Asian countries. China believes that it is responsible for these countries that are its key partners, and will gradually reduce tariffs on these countries, and regional w88 will also operate normally."

Wang Zhimin, researcher at the National Institute of Opening-up and Development, w88 casino, and director of the Institute of Globalization and Chinese ModernizationWhen commenting on the results of the Sino-US talks, he pointed out, "We hope that starting from this meeting, the two countries will further strengthen communication and understanding through the consultation mechanism, and jointly promote the good development of Sino-US economic and w88 relations."

Director Wang Zhimin said："Although the Sino-US tariff dispute takes the form of w88 barriers, it actually touches on core issues of national sovereignty, security and development interests. China's position on this has always been clear, and it firmly safeguards the country's core interests. But at the same time, China has always advocated and insisted on solving international problems through diplomatic means and resolving disputes through equal dialogue and negotiation. Regarding the tariff war launched by the United States, China's attitude is very clear, 'We are unwilling to fight, and we are not afraid of fighting. If we fight, we will fight to the end; if we talk, the door is open.' At present, the continued escalation of the Sino-US tariff war has substantially pushed the two countries towards a state of economic and w88 "decoupling". However, in fact, the economic and w88 relations between China and the United States are highly complementary, and it is difficult for the two sides to truly achieve "decoupling." This time, China and the United States held high-level economic and w88 talks. According to the introduction of the Chinese leader of China-US economic and w88, the talks were candid, in-depth, and constructive. The two sides reached important consensus and made substantial progress. It can be said that this is a very positive and optimistic evaluation. Moreover, if the two countries can make progress in w88 disputes, it will be good for China and the United States and the world."

Global markets reacted positively to the launch of w88 talks between China and the United States on Monday. Brent crude oil July futures and WTI June futures prices showed slight gains. July copper futures rose on the Comex exchange. Stock indexes in the Asia-Pacific region also rose. China's Shanghai Composite Index and Hong Kong's Hang Seng Index rose. Japan's Nikkei, South Korea's Kospi and Australia's S&P/ASX200 rose.

Attached original text link: