US-China trade talks to begin this weekend

中美贸易谈判将于本周末开启

World Business Report

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2025-05-07

26 分钟
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In this World Business Report special, Will Bain looks at how US tariffs have affected the Chinese economy, with the two countries set to hold their first talks since the start of the trade war. The US Treasury Secretary, Scott Bessent, will meet China's Vice Premier, He Lifeng, in Switzerland on Saturday. The US introduced a one- hundred and forty-five percent tariff on Chinese imports last month, while China placed retaliatory one hundred and twenty five percent import taxes on American goods. Will hears from Chinese exporters and trade experts.
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  • Hello and welcome to World Business Report on the BBC World Service.

  • I'm Will Bain.

  • Great to have your company as always on the programme.

  • So,

  • talks could be on as soon as this weekend to try and resolve the trade war between the world's two largest economies.

  • The first indications came from the US Treasury Secretary Scott Besson on Fox News.

  • We haven't had negotiations.

  • The world has been coming to the US and China has been the missing piece.

  • I was going to be in Switzerland to negotiate with the Swiss.

  • Turns out the Chinese team is traveling through Europe.

  • We will meet on Saturday and Sunday.

  • Look, we have shared interest that.

  • This isn't sustainable, especially on the Chinese side.

  • 145 percent, 125 percent is the equivalent of an embargo.

  • So how close really are we to a breakthrough?

  • Bit of a different program for you today where we're going to break that down.

  • And we're also going to look at the impact a month in on China's economy and its companies,

  • those trade tariffs have had.

  • And we'll try and ask how ready it is both for those talks and if needs be.

  • to hold its ground in this trade standoff with the United States.