Top US officials and their Chinese counterparts will meet in Switzerland at the weekend to hold trade discussions, boosting hopes for a potential deescalation in the US-China trade war. Treasury Secretary Scott Bessent and trade representative Jamieson Greer will get round the table with Chinese Vice Premier He Lifeng in the most senior-level talks since President Trump's tariff push launched in early April.

Treasury Secretary Scott Bessent made his first public appearance before lawmakers since the president's tariffs were announced.