US and China to hold tariff talks in Switzerland

The United States and China are set to hold tariff talks in Geneva, Switzerland, on Saturday. + Get the most important news from Switzerland in your inbox US Treasury Secretary Scott Bessent is heading to Switzerland on May 8, where he’ll meet with a top business representative from China, the Treasury Department has announced. Alongside the talks with Chinese representatives, the US delegation plans to meet with Swiss President Karin Keller-Sutter. China’s commerce ministry and state media have confirmed the meeting in Switzerland. Vice Premier He Lifeng will meet with Bessent in Geneva. Considering global expectations, Chinese interests and the appeals from US industry and consumers, China has decided to reach out to the US, it added. + US tariffs pressure Swiss pharma powerhouse Beijing said that the US reached out to discuss “tariffs and other issues.” Senior US officials provided details, which China has now thoroughly reviewed. China’ commerce ministry said that any dialogue ...