China pressures US to scrap tariffs as high-stakes trade talks begin in Switzerland  

China’s Commerce Ministry spokesman He Yadong stressed during a Thursday briefing that the US must demonstrate sincerity by canceling punitive trade measures.

“The US needs to show sincerity to talk and be prepared to rectify its wrongdoing and cancel unilateral tariffs,” Yadong stated.

His comments came hours after President Donald Trump reaffirmed his unwillingness to lower levies on China, which currently stand at 145% for most goods.

Both sides are asserting firm positions ahead of the first formal trade talks, scheduled to take place in Switzerland from May 9 to 12.

US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet Chinese Vice Premier He Lifeng, marking the first direct discussions since tariff tensions escalated.

At a separate briefing, China’s Foreign Ministry spokesman Lin Jian emphasized Beijing’s firm stance, stating:

“China’s resolve to safeguard its rights and interests will not change. Our position and objective to uphold international fairness and justice will not change.” 

Since his return to office, President Trump has imposed new import taxes on Chinese goods, reaching 145%, while Beijing has retaliated with 125% levies on certain US exports.

The looming negotiations could reshape the global trade landscape, though significant hurdles remain before tariff adjustments can be finalized.

As discussions unfold, market analysts and global investors are closely monitoring potential breakthroughs, with trade decisions expected to impact economic stability and supply chain flows in the months ahead.

Chinese state media recently reported that Beijing had decided to engage with the US after fully considering global expectations, the country’s interests, and appeals from American businesses.

Financial markets in mainland China and Hong Kong rose on Wednesday as investors reacted to the news, as well as announcements by Chinese authorities of measures to support the economy.