USTR Greer: Both sides very committed to the 90-day pause period
|US Trade Representative (USTR) Jamieson Greer is speaking at the scheduled briefing on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland.
Key quotes
- There was mutual respect and understanding between both sides
- Effective embargo was not a sustainable practice for both sides.
- Both sides are very committed to the 90-day pause period.
- Fentanyl issue remains unchanged for now.
- We ended up with a result that is very good for the US and for China.
- We have a constructive path forward to have a positive conversation with the Chinese.
- This agreement is about reciprocal tariffs which are now at 10% each.
- Fentanyl is on its own track but a very positive track, we are having very constructive conversations.
- When asked about toughest part of negotiation, it was trying to repair channels of communication from past administration.
- We have tried hard to work within the multilateral system but manufacturing went to China.
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