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US and China to launch formal trade talks

Washington dispatches Treasury secretary Scott Bessent to meet Chinese counterparts in Switzerland this weekend

Washington and Beijing will this week hold their first trade talks since US President Donald Trump launched a trade war against China that has rattled financial markets and triggered concerns about supply chains.

Treasury secretary Scott Bessent and US trade representative Jamieson Greer will meet their Chinese counterparts in Geneva this week. China said vice-premier He Lifeng, its top economy official, would lead its delegation.

The meeting will be the first high-level interaction between the two sides since vice-president Han Zheng attended Trump’s inauguration in January.

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