Switzerland’s president has lamented “disappointing” talks with U.S. President Donald Trump’s treasury secretary that did not ease stiff U.S. tariffs on Swiss goods.

The U.S. treasury secretary and America’s top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy.

Chinese state media report the U.S. Treasury Secretary and America's top trade negotiator have begun talks with high-ranking Chinese officials in Switzerland to de-escalate a dispute that threatens to cut off trade between the world's two biggest economies and damage the global economy.