Amidst escalating trade tensions, China and the US will hold talks in Switzerland from May 9-12. Vice-Premier He Lifeng and Treasury Secretary Scott Bessent will lead the discussions, aiming for de-escalation rather than a comprehensive trade deal. While the US initiated the talks, China emphasizes the negative global impact of unilateral tariffs. The trade war, marked by hefty tariffs on both sides and economic slowdowns, has prompted exemptions for certain products but severe consequences remain. China vows to defend its interests and highlights the instability of US actions, seeking to portray itself as a more stable economic partner.

Prepared by Christopher Adams and reviewed by editorial team.