U.S.-China tariff talks end for the night and will continue Sunday, source says
CBSN
Sensitive talks between U.S. and Chinese delegations over tariffs that threaten to upend the global economy ended after a day of prolonged negotiations and will resume Sunday, a source briefed on the meetings confirmed to CBS News.
There was no immediate indication whether any progress was made Saturday during the more than 10-hour meeting between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Switzerland. The talks, which could help stabilize world markets roiled by the U.S.-China standoff, have been shrouded in secrecy and neither side made comments to reporters on the way out.
Based on Bessent's interview with Fox News last week, initial discussions were likely about "de-escalation, not about the big trade deal." The Treasury secretary said the U.S. and China have "shared interests" because the sky-high tariffs imposed by both countries last month are not "sustainable."
