Top US officials and their Chinese counterparts will meet in Switzerland at the weekend to hold trade discussions, boosting hopes for a potential deescalation in the US-China trade war. Treasury Secretary Scott Bessent and trade representative Jamieson Greer will get round the table with Chinese Vice Premier He Lifeng in the most senior-level talks since President Trump's tariff push launched in early April.

Treasury Secretary Scott Bessent will lead the U.S. negotiations on trade with China, an administration official said Wednesday. The confirmation, while not unexpected, signals the importance the administration is placing on the negotiations as President Donald Trump’s trade war with China begins wreaking havoc on U.

Treasury Secretary Bessent said the Trump administration has not engaged in trade talks with China, contradicting claims from President Trump.