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- | GENEVA, May 10 (Reuters) - Chinese Vice Premier He Lifeng resumed talks with U.S. Treasury Secretary Scott Bessent on Saturday afternoon in Geneva in a tentative first step towards defusing a trade war that is disrupting the global economy. | ||
- | Bessent and He were meeting in Geneva after weeks of growing tensions in which duties on goods imports between the world' | ||
- | The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. | ||
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+ | Since US President Donald Trump – just days into his second term – began imposing tariffs on China for its role in the flow of deadly opioids like fentanyl into the United States, Beijing’s message has been clear. | ||
- | The trade dispute, combined | + | The fentanyl crisis is the “US’s problem,” Chinese officials have repeatedly said, and China has already done “tremendous work” to address the issue. |
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+ | “We stand ready for practical cooperation | ||
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+ | But as those tariffs remain in place months later and, despite a truce de-escalating other duties, Beijing is signaling it’s paying attention to the issue – and may be prepared to do more. | ||
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+ | China late last month announced it will add two more fentanyl precursors | ||
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+ | Days earlier, Chinese authorities also extended control over another class of drug known as nitazenes – powerful synthetic opioids raising alarm among global health officials. The same day, Chinese Minister of Public Security Wang Xiaohong told US Ambassador to China David Perdue that Beijing was open to strengthening “practical cooperation” | ||
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+ | The Trump administration blames China for “sustaining” the influx into the US of fentanyl, a lab-made, synthetic opioid dozens of times more potent than heroin. Abuse of the drug and its analogues has fueled a drug overdose crisis in the US, killing tens of thousands of Americans annually, though those numbers saw a significant drop last year. | ||
kraken.1749252745.txt.gz · Last modified: 2025/06/07 01:32 by 94.158.190.9