WASHINGTON (AP) — Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland in the first major talks between the two nations since President Donald Trump sparked a trade war with stiff tariffs on imports.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with their counterparts in Geneva in the most-senior known conversations between the two countries in months, the Trump administration announced Tuesday. It comes amid growing U.S. market worry over the impact of the tariffs on the prices and supply of consumer goods.
No country has been hit harder by Trump’s trade war than China, the world’s biggest exporter and second largest economy. When Trump announced his “Liberation Day” tariffs on April 2, China retaliated with tariffs of its own, a move that Trump viewed as demonstrating a lack of respect. The tariffs on each other’s goods have been mounting since then, with the U.S. tariffs against China now at 145% and China tariffs on the U.S. at 125%.
American firms have already begun canceling orders from China, postponing expansion plans and hunkering down as a result of the tariff war.
After plans for the talks had been announced, Bessent said on Fox News' “The Ingraham Angle” that as the U.S. has engaged in negotiations with various trading partners, “China has been the missing piece.”
The current situation, he said, “isn’t sustainable ... especially on the Chinese side.” He added that current high tariff levels were “the equivalent of an embargo. We don’t want to decouple. What we want is fair trade.”
Trump had claimed previously that the U.S. and China were holding negotiations on lowering tariffs, which Beijing has denied, saying Trump must first lower his stiff tariffs.
The Chinese Commerce Ministry on Tuesday confirmed the meeting between its vice premier and Bessent in Switzerland.
“The Chinese side carefully evaluated the information from the U.S. side and decided to agree to have contact with the U.S. side after fully considering global expectations, Chinese interests and calls from U.S. businesses and consumers,” said a ministry spokesperson.
The spokesperson said China would not "sacrifice its principles or global equity or justice in seeking any agreement.”
Most economists have said the cost of the tariffs would get passed along to consumers in the form of higher prices for autos, groceries, housing and other goods. And the higher prices are already becoming a burden on U.S. consumers, who are in the biggest economic funk since the COVID-19 pandemic. Meanwhile, economists say the risk of a recession is growing.
Wendy Cutler, a former U.S. trade official and now vice president of the Asia Society Policy Institute, said the upcoming meeting is a welcome development.
“As the first face to face meeting between senior U.S. and Chinese officials since Trump’s inauguration, it’s an important opportunity to have initial talks on unwinding some tariffs, mapping out a path forward, as well as raising concerns,” Cutler said. “We should not expect any quick victories — this will be a process that will take time.”
In Switzerland, Bessent and Greer also plan to meet with Swiss President Karin Keller-Sutter, according to readouts from their respective offices.
Both Greer and Bessent had talked with their counterparts before the beginning of the trade war.
Greer told Fox News Channel last month that he spoke with his Chinese counterpart for over an hour before the trade war started. “I thought it was constructive,” he said, adding: “This is not a plan just to encircle China. It’s a plan to fix the American economy, to have a greater share of manufacturing as GDP, to have real wages go up, to be producing things instead of having an economy that’s financed by the government.”
And Bessent in February spoke with Chinese Vice Premier He Lifeng “to exchange views on the bilateral economic relationship,” according to a Treasury news release.
Associated Press writer Paul Wiseman in Washington contributed to this report.
FILE - President Donald Trump, left, poses for a photo with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, June 29, 2019. (AP Photo/Susan Walsh, File)
FILE - Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province on April 17, 2025. (AP Photo/Ng Han Guan, File)
Treasury Secretary Scott Bessent testifies before the House Committee on Appropriations, Subcommittee on Financial Services and General Government, oversight hearing of the U.S. Department of the Treasury on Capitol Hill in Washington, Tuesday, May 6, 2025. (AP Photo/Jose Luis Magana)
OKLAHOMA CITY (AP) — Shai Gilgeous-Alexander isn't scoring the way he usually does, but the Oklahoma City Thunder are still winning the way they normally do.
Gilgeous-Alexander, the reigning NBA MVP, averaged 31.1 points during the regular season. In the Western Conference semifinals against the Los Angeles Lakers, he is averaging 20 points and taking only 14 shots per game.
Oklahoma City has still won the first two games by an average of 18 points. Gilgeous-Alexander and Chet Holmgren each scored 22 points, and the defending champion Thunder beat the Lakers 125-107 on Thursday night.
Ajay Mitchell, starting in place of injured Jalen Williams, is averaging 19 points on 50% shooting in the series for Oklahoma City.
“I think the coaching staff does a good job at just getting all of us ready,” said Mitchell, a second-year guard. "And we have a lot of competitors. Like, everyone’s a competitor on our team. So every time the lights are bright, everyone’s ready to go.”
Holmgren is the leading scorer for the Thunder in the best-of-seven series with 23 points per game. The 2026 All-Star also is averaging 10.5 rebounds and 2.5 blocks.
Jared McCain, a midseason acquisition from the Philadelphia 76ers, barely played in the first round against Phoenix but has averaged 15 points and made 8 of 10 3-pointers in the series.
“He goes in there, stays in character, stays aggressive," Thunder coach Mark Daigneault said. "He’s going to shoot the next shot. He makes the right plays, plays inside the team. He competes defensively, has had good defensive possessions for us. And he was huge tonight. You need that in a playoff series.”
The Lakers again were without scoring champion Luka Doncic, who is out indefinitely with a strained left hamstring. They also were missing forward Jarred Vanderbilt, the reserve forward who dislocated the pinkie on his right hand during the second quarter of Game 1. The Lakers had three players finish with five fouls, limiting their aggressiveness late in the game.
Los Angeles guard Austin Reaves, who struggled with his shot in Game 1, scored 31 points on 10-for-16 shooting in Game 2. LeBron James, coming off a 27-point effort in Game 1, followed that up with 23.
With the Lakers up 63-61 early in the third quarter, Gilgeous-Alexander got tied up with Reaves and was called for his fourth foul. Upon review, it was upgraded to a flagrant 1 for Gilgeous-Alexander's follow through. Oklahoma City's Alex Caruso was called for a technical foul as the situation was being sorted out.
Gilgeous-Alexander left the game with the Lakers up 65-61, but the Thunder rallied and took control without him. On a fast break, Holmgren found a trailing Jaylin Williams, who hit a 3-pointer and was fouled. His free throw put the Thunder up 85-74.
The Thunder outscored the Lakers 32-15 while Gilgeous-Alexander was out in the third quarter to take a 93-80 lead into the fourth.
“It was amazing," Gilgeous-Alexander said. “They strung together stops, they’re playing the right way offensively and things are going their way. Full confidence in those guys. They know how to win basketball games. And we've proven that. They’ve proven that no matter who’s on the floor, they know how to get the job done. And they just did it again tonight."
The Lakers cut Oklahoma City's lead to five in the fourth quarter before the Thunder pulled away again.
Los Angeles will host Game 3 on Saturday.
“We just stuck with it,” Holmgren said. “It’s the game of basketball. It’s not always going to go your way. It’s about how you respond. And this team has proven many times that we know how to respond. And we did so tonight.”
This story has been corrected to show that Shai Gilgeous-Alexander is averaging 20, not 19, points per game against the Lakers.
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Oklahoma City Thunder's Chet Holmgren (7) shoots over Los Angeles Lakers' Austin Reaves (15) in the second half of Game 2 in a second-round NBA basketball playoffs series Thursday, May 7, 2026, in Oklahoma City. (AP Photo/Nate Billings)
Oklahoma City Thunder guard Ajay Mitchell, front, works for a shot as Los Angeles Lakers' Austin Reaves, rear, defends in the second half of Game 2 in a second-round NBA basketball playoffs series Thursday, May 7, 2026, in Oklahoma City. (AP Photo/Nate Billings)
Los Angeles Lakers' LeBron James stands on the court in the second half of Game 2 in a second-round NBA basketball playoffs series against the Oklahoma City Thunder Thursday, May 7, 2026, in Oklahoma City. (AP Photo/Nate Billings)
Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) drives to the basket past Los Angeles Lakers' Deandre Ayton (5) and LeBron James, rear, in the second half of Game 2 in a second-round NBA basketball playoffs series Thursday, May 7, 2026, in Oklahoma City. (AP Photo/Nate Billings)
Oklahoma City Thunder center Chet Holmgren (7) works to the basket against Los Angeles Lakers forward Rui Hachimura (28) in the second half of Game 2 in a second-round NBA basketball playoffs series Thursday, May 7, 2026, in Oklahoma City. (AP Photo/Nate Billings)
