After more than a month of stalemate, a major update has come in the ongoing U.S.-China tariff war. At 6:00 AM on 7th, Beijing time, China’s Ministry of Foreign Affairs announced that Vice Premier He Lifeng would visit Switzerland from May 9th to 12th for talks with U.S. Treasury Secretary Scott Bessent. This meeting is seen by many as a potential “breakthrough” in the face of the 145% versus 125% tariff standoff between the two countries and has drawn significant attention.
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