Newsweek has contacted the White House and the Chinese Foreign Ministry for comment. President Donald Trump raised U.S. tariffs on China to a combined 145 percent, prompting the Chinese to retaliate with a 125 percent levy on American imports.

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with top Chinese officials in Switzerland on Saturday and Sunday to discuss economic and trade policies between the two countries.

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.