An upcoming American-Chinese meeting in Switzerland to resolve the trade war crisis.

In a new development in the ongoing trade war between the United States and China, the two capitals have announced high-level talks this week in Switzerland between U.S. Treasury Secretary Scott Biesent and Chinese Vice Premier He Lifeng. The meeting, the first of its kind since the recent escalation, aims to discuss the steep tariffs imposed by both sides that have severely impacted the global economy. Since April, the United States has imposed a 145% tariff on many Chinese imports, while Beijing retaliated by imposing a 125% tariff on American goods, leading to factory closures, disrupted supply chains, and market confidence decline. Despite Trump's previous confirmation of direct communication between the two countries, Biesent recently denied actual negotiations, stating that this meeting will mark the beginning of a "constructive dialogue to rebalance the international economic system in America's interests." In contrast, the Chinese Foreign Ministry confirmed that Vice Premier will attend as the official representative for the economic file with Washington, emphasizing that Beijing will not "compromise its initial stance" and will defend "justice" in any negotiations, especially since approval for these talks came after increasing pressure from affected American companies and consumers in the trade war. This meeting is seen as a real test of the possibility of breaking the deadlock between the two powers, amid fears that failure to reach an understanding could lead to a new escalation threatening the stability of the global economy as a whole.