We and Chinese officials will finally meet for trade talks a month after Trump was involved in the 145% air.

After a few weeks of attitude, the US and China will finally meet, paving the way for potential de-escalation to brewing Trade wars Between the two largest economies in the world.

According to a statement from the US government, U.S. Treasury Secretary Scott Bescent and US trade representative Jamieson Greer will travel to Switzerland on Thursday, where he will meet his deputy prime minister of China, Beijing’s leading economic representative. The meeting will be held between May 9th and 12th.

China’s Ministry of Foreign Affairs Confirmed He travels to Switzerland and meets Swiss officials as well.

Last Friday, China’s Ministry of Commerce I said It “evaluated” the offer from Washington and pointed to talks that saw senior US officials repeatedly express their willingness to commence trade negotiations with Beijing. US President Donald Trump I insisted In late April, he spoke to Chinese Xi Jinping about tariffs but refused to give details.

The scheduled meeting in Switzerland is the first public commitment to commence trade negotiations since Trump first imposed tariffs on China in February.

Retaliation between the US and China has raised tariffs to surprisingly high levels. China currently imposes a 125% tariff on US goods, while the US imposes a 145% tariff on Chinese goods. Still, both governments are shaping up sweep exemptions for products such as medicines, semiconductors and home appliances.

Asian markets are barely moving despite news that the US and China could begin to escalate. Hong Kong’s Hang Seng Index has increased by 0.2%, and as of 4pm Hong Kong time, mainland China’s CSI 300 has increased by about 0.6%. US futures also reflect similar sentiments that Dow Jones futures and S&P futures rose by 0.42% and 0.43% respectively.

Still, as Trump’s trade war is beginning to have an effect, escalation could welcome news from the world’s two biggest economies.

Data from late April already shows a Drop it In recent imports from China to the US, Jean Celoka, executive director at the Port of Los Angeles I warned The retailer could soon have five weeks of full stock remaining. A lower stockpile could mean higher prices and supply chain roars.

China announcement Wednesday’s major policies, including interest rate cuts, will be changed to strengthen the economy.

This story was originally introduced Fortune.com