In Geneva, Switzerland – renowned for its neutrality and as the home of the World Trade Organization – high-level economic and trade talks wrapped up on May 11. U.S. and Chinese mainland representatives made significant progress in steering global trade toward a more stable future.
Chinese Vice Premier He Lifeng revealed that both sides reached a substantive consensus. A key outcome was the agreement to establish a China-U.S. economic and trade consultation mechanism, setting the stage for further dialogue on issues of mutual concern 🤝.
This development is crucial for the global supply chain, influencing everything from electronics to everyday goods. U.S. Trade Representative Ambassador Jamieson Greer noted that the quick agreement highlights common grounds that could smooth out trade disruptions, benefiting markets worldwide 🌍.
Following the Geneva progress, the spotlight is now on the U.S. to follow through on its commitments. With balanced actions from both sides, this constructive step can pave the way for a robust and fair global economic future.
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After Geneva progress, the U.S. needs to make its words count
cgtn.com
