Trade negotiators from the U.S. and China are starting talks this weekend in Switzerland. These are the first high-level trade talks between the two countries since President Trump returned to the White House.

The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.

The United States has reached a preliminary trade deal with China after the two countries met for negotiations in Switzerland over the weekend, the Trump administration announced. The news follows Treasury Secretary Scott Bessent and U.