China said on Wednesday trade talks with the U.S. were an important step toward bridging gaps but what was really needed was "indispensable" multilateralism to find a way out of global trade turmoil.

The Chinese government accused the Trump administration of undermining recent trade talks in Geneva with its warning that using Huawei Technologies Co.’s artificial-intelligence chips “anywhere in the world” would violate US export controls.

The United States and China are set to provide details on Monday of the "substantial progress" made during talks in Switzerland over the weekend aimed at cooling trade tensions ignited by President Donald Trump's sweeping tariffs.