US-China Trade Talks Open In Paris, Looking Forward To 'Major Progress'

(MENAFN- AzerNews) Akbar Novruz Read more

China and the US ended the first day of trade talks in Paris on Sunday without any major developments. Talks will continue tomorrow when the US delegation is set to leave. The Chinese delegation will stay one more day before leaving on Tuesday, ** AzerNEWS** reports.

The first day of the sixth round of trade talks between the world’s two biggest economies – led by Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent – was rather uneventful for journalists waiting outside the venue, the headquarters of the Organisation for Economic Co-operation and Development (OECD).

Vice-Premier He was accompanied by Li Chenggang, China’s top international trade negotiator, and Bessent was with US Trade Representative Jamieson Greer.

Trump’s visit to China will be the first for a U.S. president since he went in his first term in 2017. It will come five months after the two leaders met in the South Korean city of Busan and agreed to a one-year truce in a trade war that temporarily saw tit-for-tat tariffs soar to triple digits before the two sides climbed down.

Still, trade remains a source of tensions. The commerce ministry on Friday hit back against the Trump administration’s new trade investigation into 16 trading partners, including China. The investigation - which came after a Supreme Court ruling struck down Trump’s sweeping global tariffs that were imposed last year - could pave the way for new tariffs.

Another issue that could be discussed is the Iran war, especially when global anxiety is soaring over oil prices and supplies. Trump said Saturday that he hopes China, France, Japan, South Korea, the United Kingdom and others will send warships to keep the Strait of Hormuz“open and safe.”

Before Sunday’s talks, Gary Ng, a senior economist at French bank Natixis and a research fellow at the Central European Institute of Asian Studies, said the Paris meeting is likely the most important bilateral one before the Xi-Trump summit.

The key issue is“whether China and the U.S. can agree on what is agreed and manage disagreement. Iran is a new factor, but Beijing is more concerned about the flip-flopping of U.S. policies,” he said.

Last week, Chinese Foreign Minister Wang Yi said it would be a “big year” for China-U.S. relations. While he did not confirm the state visit, Wang said that“the agenda of high-level exchange is already on the table.”

Bessent and He have led trade negotiations between the countries since last year, having met in Geneva, London, Stockholm, Madrid and Kuala Lumpur, Malaysia.

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