By coinnews 
00:00 Speaker A
All right, President Donald Trump has laid down a clear marker for de-escalation, posting earlier today that 80% tariff on China, that seems right. This comes as U.S. Treasury Secretary Scott Benson and U.S. Trade Representative Jameson Greer set to meet with China’s top economic official in Switzerland over the weekend. Here with more and the latest trade talk, we got Yahoo finances Ben Wurschel. Ben, what are we hearing? What can we expect? What should we be looking for?
00:35 Ben Wurschel
Yeah, yeah, Julie, as you mentioned a lot of, a lot of waiting, a lot of anticipation for this. Both Treasury Secretary Benson and USTR representative Greer are already on the ground in Geneva. Today was the first much smaller step with that. They met with the Swiss to talk about the 31% potential 31% tariffs on that country. The Swiss president came out of that and actually was talking about China as as everyone else is. She had a good line that alluding to the the recent elevation of an American Pope to say she hopes the Holy Spirit will come to Geneva this weekend. And that, and that’s sort of indicative to me of the overall mood music here, which is this question of de-escalation on on the US tariffs 145% on China, and China’s tariffs of 125% on the US. Trump very much raised that prospect with his post earlier today that the 80% tariffs, but the latest from the White House this afternoon has comes from White House press secretary Carolyn Levitt who who kind of batted that down a little bit to say that this was a number that Trump quote just threw out there as a suggestion and that it was, that it was up to that, and that the the unilateral, unilateral reduction from tariffs on the US side are not on the options. So basically both sides have to agree to some sort of reduction before anything happens. So it’s comments like that that are going to kind of keep the anticipation going with investors watching this meeting on set for this weekend. So just set to start on Saturday.
03:09 Speaker B
And Ben, you know, to get an actual trade deal done between US and China, what kind of rough time frame could one be thinking about there? Weeks, months, I mean, we had some guests on Yahoo finance today who said, you know, suggested even longer.
03:30 Ben Wurschel
Yeah, I think months is the is the short end of of an actual full framework. I think very few sides of this are even suggesting anything concrete coming this weekend beyond, beyond a sort of de-escalation on the tariff front. There was sort of a Treasury Secretary Benson has got talked about this as the start of talks, and I think the wide expectation here is that at least on a lot of these details, a huge number of details of issues between the US and China, that that’s going to take months if not even, if not even longer to work out. The question is whether this de-escalation can be kind of a way to jumpstart things as they, as this what many have termed a long slog comes ahead.