U.S. and Chinese officials are set to resume high-stakes trade talks this week in Switzerland, aiming to de-escalate a trade war that has intensified under President Donald Trump’s administration. The discussions, scheduled from May 9 to 12, will feature U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer meeting with Chinese Vice Premier He Lifeng .
The trade conflict has led to significant economic repercussions, including a record U.S. trade deficit in March and a projected 77% decline in Chinese exports to the U.S. this year . China has criticized the U.S. tariffs, which have reached 145%, describing them as having a “serious negative impact” .
As the world’s two largest economies prepare for these crucial talks, global markets are closely monitoring the potential for a breakthrough that could stabilize international trade relations.