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.

U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with China's top economic official later this week in Switzerland, the two U.S. agencies said on Tuesday, marking an initial step in potential negotiations over President Donald Trump's tariff assault.

Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet Chinese officials, but expectations for a breakthrough in their trade war are low.