US Treasury Secretary Bensaint stated on the 7th that he will launch a round of trade 'negotiations' with Chinese officials in Switzerland on Saturday (10th).
When asked at the House Financial Services Committee hearing whether the discussions with China have reached an 'in-depth stage,' he replied: 'What I'm saying is that we will start discussing on Saturday, and I think that is quite the opposite of 'in-depth.''
He also confirmed that White House Trade Advisor Navarro will not participate in this meeting.
Bensaint's meeting with Chinese officials is specifically referred to as 'negotiations,' indicating that both sides are seeking a more formal dialogue mechanism.
It is understood that Bensaint will be accompanied by US Trade Representative Grier.
This US-China meeting is attracting widespread attention, and in the midst of the tense US-China trade war, this meeting is seen as 'possibly bringing new developments to the ongoing tension in bilateral economic and trade relations.'
When asked at the House Financial Services Committee hearing whether the discussions with China have reached an 'in-depth stage,' he replied: 'What I'm saying is that we will start discussing on Saturday, and I think that is quite the opposite of 'in-depth.''
He also confirmed that White House Trade Advisor Navarro will not participate in this meeting.
Bensaint's meeting with Chinese officials is specifically referred to as 'negotiations,' indicating that both sides are seeking a more formal dialogue mechanism.
It is understood that Bensaint will be accompanied by US Trade Representative Grier.
This US-China meeting is attracting widespread attention, and in the midst of the tense US-China trade war, this meeting is seen as 'possibly bringing new developments to the ongoing tension in bilateral economic and trade relations.'