Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a day of prolonged negotiations and will resume Sunday, a source said.

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.

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.