Versuchen GOLD - Frei
Fentanyl Crisis Provided Opening for Trade Talks Between U.S. and China
Mint New Delhi
|May 09, 2025
Planned meeting in Switzerland to be first direct talks over trade during Trump's second term
Beijing's outreach to Washington over fentanyl created an opening for trade talks between the two nations, according to people in both capitals who are familiar with the matter, paving the way for a bilateral meeting in Switzerland this weekend.
For weeks, the U.S. and China have been looking for ways to walk back from what were essentially tit-for-tat trade embargoes. The Chinese in late April sent the Trump administration questions seeking clarity on how the president wants China to crack down on trafficking of the chemical ingredients used to make fentanyl, the people said. In response, the White House gave Beijing a list of suggestions.
Chinese leader Xi Jinping's security czar, Wang Xiaohong, had privately expressed interest in further engaging with Trump officials to address the issue by potentially meeting with them in the U.S. or another country.
The Trump team's list included a request that Beijing send a strong message to those involved in trafficking the chemicals, known as precursors, according to the people familiar with the matter. Such messages could involve warnings of severe punishment. Precursors produced by Chinese companies, often sold over the internet, flow from China to criminal groups in Mexico and elsewhere that produce fentanyl and traffic it into the U.S.
Now both sides are readying for what will be the first direct talks over trade between senior officials on both sides during President Trump's second term.
"The United States has been clear about our expectations with regards to stopping the flow of chemical precursors from China to illicit drug producers in Mexico," National Security Council spokesman James Hewitt said. A White House spokesperson didn't respond to a request for comment.
A positive step
Diese Geschichte stammt aus der May 09, 2025-Ausgabe von Mint New Delhi.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint New Delhi
Mint New Delhi
CANADA'S STARTUP VISA: PUTTING LIVES ON HOLD
Legal uncertainty has left entrepreneurs stuck despite building businesses and putting down roots
8 mins
November 28, 2025
Mint New Delhi
Gupta pilfered from fraud, Trafigura says
Commodity trader Trafigura's lawyers accused Indian businessman Prateek Gupta on Thursday of siphoning off funds from an alleged $600 million metals fraud to prop up his struggling business empire.
1 min
November 28, 2025
Mint New Delhi
Why TCS is walking a tightrope
Tata Consultancy Services Ltd recently outlined an ambitious multiyear $6-7 billion investment plan to build artificial intelligence (AI)-focused data centres and is already making progress in that area.
2 mins
November 28, 2025
Mint New Delhi
Can a dictionary make sustainability simpler?
A new guide aims to bring clarity to sustainability in fashion but it has to be available to everyone, from designers to customers
3 mins
November 28, 2025
Mint New Delhi
Of Marathi plays, picnic in the park
A Mint guide to what's happening in and around your city
1 min
November 28, 2025
Mint New Delhi
Beyond the stock slump—Kaynes’ $1 bn aim is just the start
Shares of Kaynes Technology India Ltd have fallen about 25% from their peak of ₹7,705 in October, amid a management reshuffle and the expiry of the lock-in period for pre-IPO shareholders.
1 mins
November 28, 2025
Mint New Delhi
Avaada to invest ₹1 trillion in 5 years
Renewables-focused Avaada Group is aiming to invest ₹1 trillion across the country over the next five years as part of its expansion into both power generation and associated businesses.
1 min
November 28, 2025
Mint New Delhi
VentureSoul closes first debt fund at ₹300 crore
VentureSoul Partners has announced the close of its maiden debt fund at ₹300 crore, with plans to raise an additional ₹300 crore through a green shoe option by February 2026.
1 min
November 28, 2025
Mint New Delhi
New MF distributor incentives introduced
Mutual fund distributors will now earn additional incentives for bringing in first-time investors from B-30 (beyond the top 30) cities and for onboarding new women investors from any city, under Securities and Exchange Board of India's (Sebi) revised incentive framework.
1 min
November 28, 2025
Mint New Delhi
Catamaran to boost manufacturing bets
Catamaran is focused on a few areas in manufacturing, such as aerospace
2 mins
November 28, 2025
Listen
Translate
Change font size

