US, China Expected to Restart Trade Talks in Switzerland Amid Tariff Tensions

The United States and China are set to hold high-level trade talks in Switzerland aimed at de-escalating ongoing trade tensions marked by steep tariffs imposed by both sides. U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will lead the American delegation, while China will be represented by Vice Premier He Lifeng. These meetings are the first formal public negotiations since the tariff escalation and focus primarily on easing tensions rather than securing a comprehensive trade agreement. The talks come amid concerns about supply chain disruptions and rising prices affecting U.S. markets and consumers. While the meetings signal a shift toward dialogue, U.S. officials maintain a firm stance on rebalancing trade relations and protecting national economic security, with cautious optimism but tempered expectations for immediate breakthroughs. Investor reactions were positive, with U.S. equity futures rising on news of the negotiations, reflecting hopes for tariff reductions and improved trade stability.