US, China Plan First Trade Talks in Switzerland

High-level talks between the United States and China are set to take place in Switzerland this weekend, marking the first major meeting since President Trump imposed steep tariffs on Chinese imports, escalating a trade war between the two nations. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will lead the U.S. delegation, while Vice Premier He Lifeng will represent China. Both sides have emphasized that the primary goal of the discussions is de-escalation of tensions rather than negotiating a comprehensive trade agreement, with Bessent describing the current tariff levels—145% by the U.S. and 125% by China—as unsustainable. Chinese officials stated their decision to participate was made after considering global expectations, domestic interests, and the concerns of U.S. industry and consumers. Despite previous contradictory statements from both governments about ongoing negotiations, this meeting is seen as a step towards diffusing the trade conflict. The talks will also include meetings with Swiss President Karin Keller-Sutter, underscoring Switzerland’s role as a neutral venue for the dialogue.