Washington, Besent influenced, will try to convince Beijing to coordinate his transition to an economy based on manufacturing.
The US Treasury Secretary Scott Besent, He revealed that his country and China will celebrate a new round of commercial negotiations earlier next week in Stockholm after those carried out in Geneva (Switzerland) and London.
“I will be in Stockholm on Monday and Tuesday with my Chinese counterparts, and we will work on what will probably be an extension” From the 90 -day commercial truce that ends on August 12, Besent advanced in an interview with the American television network Fox Business.
Besent said that, after the last agreements with Beijing, “trade is in a very good place”, so it will also seek to deal with other issues such as excess manufacturing capacity in the Asian giant or oil purchases from sanctioned countries such as Russia or Iran.
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“We have reached a new level Very constructive with China, and we will be able to get many things now that trade seems to have stabilized at a positive level, ” explained the head of the American country.
Washington, Besent influenced, will try to convince Beijing to coordinate his transition to a more manufacturing economy with that sought by Chinese authorities towards consumption: “We want them to open. (…) Right now they bring together 30 % of global manufacturing and exports, and that is unsustainable.”
Anti-Russian tariffs
“They have 1.4 billion people and a very high savings rate. They have the capacity to become a great consumer economy. (…) If we could do it at the same time, we with more manufacturing and they with more consumption, it would be a point for the global economy, “said the secretary of the Treasury.
About Russian crude purchases, Besent showed his confidence that the US Senate approves a law that allows the president, Donald Trump, fulfilling his threat of imposing 100 % tariffs on nations that acquire oil from that country, although he clarified that it is not a measure directed only against China but also, for example, against India.
At the moment, the Chinese authorities have not confirmed the celebration of this new round of negotiations, although the Swedish prime minister, Ulf Kristerson: “I am eager to meet with representatives of USA and China in Swedish territory. Welcome to Sweden! “He wrote in his account on the social network X.
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“Negotiations mainly affect relations between the USA and China, but also have a great impact on global trade and world economy,” said the president.
In search of commitments
In the first round of contacts in Geneva, Beijing and Washington they agreed to the aforementioned 90 -day truce that began in mid -May and that ended, at least temporarily, to the commercial ‘de facto’ embargo between the two main economic powers of the world after the tariff climb initiated by Trump in April.
After that, London’s conversations resulted in the signing of a framework agreement to relax restrictions on the export of strategic goods such as chips in the American case or rare earth -key lines for sectors such as aeronautics or defense – in the Chinese.
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Shortly after Besent announced this third round of negotiations in Stockholm, the Chinese market regulator suspended the antitrust research he had opened in April against the American chemical Dupont, an initiative that has been interpreted as a “gesture of goodwill” by the economic press.
According to Bloomberg, in this new EE. UU. Will seek ways to reduce its commercial deficit with China and ask Beijing more action to cut the flow of chemical precursors with which the fentanyl occurs, while China will claim access to advanced technologies, for example in the field of semiconductors, in which the Asian country still depends on third parties.
