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US and China will hold high-level trade talks in Switzerland this week, aiming to de-escalate their ongoing trade war. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will represent the US, while Chinese Vice Premier He Lifeng will lead the Chinese delegation. While hopes for a major trade deal are tempered, the talks mark the first significant interaction between the two nations since January. Both sides acknowledge the negative impact of tariffs, but China maintains it will fight to the end if necessary. Experts express cautious optimism, viewing the talks as a necessary first step despite low expectations for immediate breakthroughs.

Prepared by Christopher Adams and reviewed by editorial team.