Switzerland's president lamented “disappointing” talks Friday with U.S. President Donald Trump's treasury secretary that did not ease stiff U.S. tariffs on Swiss goods, but expressed hope for a solution to a more consequential U.

The U.S. treasury secretary and America’s top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy.