(10 May 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Geneva, Switzerland – 10 May 2025
1. Wide of exterior of residence of the Swiss Ambassador to the United Nations in Geneva
2. Security at top of street
3. Various exteriors of residence
4. Various of Chinese officials from their Geneva diplomatic missions
5. Police at scene
STORYLINE:
The U.S. Treasury Secretary and America’s top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer have begun meetings at the residence of the Swiss Ambassador to the United Nations in Geneva with a Chinese delegation led by Vice Premier He Lifeng.
A diplomatic source, speaking on condition of anonymity because of the sensitivity of the meeting, said the sides met for about two hours before departing for a previously arranged luncheon.
Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive taxes — tariffs — they’ve slapped on each other’s goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on U.S.-China trade.
U.S. President Donald Trump last month raised U.S. tariffs on China to a combined 145%, and China retaliated by hitting American imports with a 125% levy. Tariffs that high essentially amount to the countries’ boycotting each other’s products, disrupting trade that last year topped $660 billion.
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