US and China Resume Trade Talks in Switzerland Amid High Tariffs

(FILES) This file photo taken on June 28, 2019 shows China's President Xi Jinping (R) shaking hands with US President Donald Trump before a bilateral meeting on the sidelines of the G20 Summit in Osaka. With his storm of tariffs on Chinese goods, US President Donald Trump on April 2025 has torched ties with Beijing and likely wrecked any hope of meeting his counterpart Xi Jinping in the near term, analysts say. (Photo by Brendan Smialowski / AFP) / To go with AFP story China-US-diplomacy-politics-trade-economy,ANALYSIS by Matthew Walsh

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.

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