The talks—led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng—are seen as a possible step toward de-escalating the prolonged trade war.
U.S. President Donald Trump has indicated that steep tariffs on Chinese goods may be reduced, ahead of high-level trade talks this weekend in Switzerland.
“You can’t get any higher. It’s at 145, so we know it’s coming down,” Trump said, referring to tariffs imposed since his return to office.
The talks—led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng—are seen as a possible step toward de-escalating the prolonged trade war.
“I think it’s a very friendly meeting. They look forward to doing it in an elegant way,” Trump said.
China’s Vice Foreign Minister Hua Chunying expressed optimism, stating Beijing has “full confidence” in managing trade issues with Washington.
Experts remain cautious. “The systemic frictions… will not be resolved any time soon,” said ex-U.S. negotiator Stephen Olson, warning any tariff cuts would likely be “minor.”
Meanwhile, U.S. announced its first post-tariff deal with the UK, easing levies on cars, steel, and aluminum.