Tensions are high between the US and China ahead of a planned trade talk, and the dueling superpowers can't even agree on who initiated the meeting. US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced this week that they'll will be meeting with their Chinese counterparts in Switzerland this weekend to discuss US-China trade relations as Trump's heavy tariffs remain in effect and the trade war rages on.

President Donald Trump has said he wants a “fair trade deal,” but the pressure created by sky-high tariffs might limit what can be accomplished at talks this week.

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