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kraken [2025/06/08 02:57] 46.8.23.83kraken [2025/07/14 04:38] (current) 46.8.110.226
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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's two largest economies have soared far beyond 100%. 
-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 disputecombined with U.S. President Donald Trump'decision last month to impose duties on dozens of other countrieshas disrupted supply chainsunsettled financial markets and stoked fears of a sharp global downturn.+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 with the US based on equality and mutual respectThat said, we firmly oppose the US pressuring, threatening and blackmailing China under the pretext of the fentanyl issue,” a spokesperson said in March, after Trumpfentanyl tariffs were raised to 20% on all Chinese imports into the US. 
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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 to its list of controlled substances – an expected step that brought it in line with international regulations, which its diplomats presented as a mark of “active participation” in global drug control. 
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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” on drug control. 
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 +The Trump administration blames China for “sustaining” the influx into the US of fentanyla lab-madesynthetic 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 significant drop last year.
  
kraken.1749344271.txt.gz · Last modified: 2025/06/08 02:57 by 46.8.23.83