GENEVA (AP) — The U.S. Treasury Secretary and America’s top trade negotiator will meet with high-ranking Chinese officials in Switzerland this weekend to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson will meet in Geneva with a Chinese delegation led by Vice Premier He Lifeng. Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive taxes – tariffs – they’ve slapped on each other’s goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on U.S.-China trade.
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