China has expressed full confidence in its ability to manage U.S. trade issues as officials from both nations prepare for crucial weekend talks in Switzerland, marking the first major face-to-face negotiations amid the ongoing trade war.
What Happened: “We have no fear,” Chinese Vice Foreign Minister Hua Chunying told Reuters on Friday at a middle school in rural southwestern China. She insisted that the President Donald Trump administration’s trade policy “cannot be sustained” while emphasizing China’s readiness to overcome all difficulties.
The weekend discussions will bring together U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer with China’s Vice-Premier He Lifeng from May 9-12. Trump signaled potential concessions Thursday, suggesting the 145% tariffs on Beijing …