US White House Economic Advisor Kevin Hassett stated in his statements on the Fox News Sunday Morning Futures program that Commerce Secretary Howard Lutnick and US Trade Representative Greer are working on approximately 24 trade agreements.
Hassett said China was “very keen” to rebalance its trade relationship with the US and begin talks. He also said new trade deals could be announced this week.
Meanwhile, Hong Kong Chief Executive John Lee said at a market briefing held by the Qatar branch of Standard Chartered Bank that the current tariff war creates uncertainties, but at the same time, the new order offers opportunities.
Top Chinese and U.S. trade officials held high-stakes talks over the weekend to try to ease a trade war that has disrupted global supply chains and triggered concerns of a prolonged economic downturn, with the world watching the outcome closely.
Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer resumed talks in Geneva, Switzerland, shortly after 10 a.m. local time on Sunday, according to Agence France-Presse.
The meeting, the first high-level talks between the world’s two largest economies amid an unprecedented trade war in which both sides have slapped import tariffs above 100 percent, came after eight hours of talks behind closed doors on Saturday.
