U.S. President Donald Trump has suggested that U.S. tariffs on Chinese goods could fall as senior trade officials from the world's two largest economies will hold talks.

"You can't get taller. It's 145, so we know it's going down," he said, referring to the new import tax he imposed on China as high as 145% since he returned to the White House.

Trump commented at an event to announce a deal with the UK’s tariffs, the first since he levied the world in April with a huge levy.

The meeting in Switzerland this weekend is the strongest signal that both sides are ready to make a trade war that triggers shock waves through financial markets.

"I think it's a very friendly meeting. They look forward to doing it in an elegant way," Trump said of the talks with China.

China is also full of confidence in the negotiations.

China's Deputy Foreign Minister Hua Chuning said Beijing was "confident" in its ability to manage trade issues with the United States.

Announcements earlier this week were an important first step toward easing tensions, but analysts warned that it marked the beginning of a possible long negotiation.

"The systemic friction between the United States and China will be resolved soon," said Stephen Olson, a former U.S. trade negotiator.

He added that any cuts to tariffs could be "secondary" due to the meeting.

The initial negotiations will be led by U.S. Treasury Secretary Scott Bessent and China's deputy prime minister and economic czar.

But “I think everyone recognizes that any final agreement requires active participation from both presidents.”

Another trade expert said that even if the new tariffs imposed by Trump were lifted, there are still major problems to overcome between the two countries.

"A realistic goal may at best be a pullback from high bilateral tariffs, but that will still leave high tariff barriers and various other restrictions," Eswar Prasad, a former head of the China division of the International Monetary Fund, told BBC News.

Negotiations between China and the United States will come just two days after Britain becomes the first country to reach a tariff deal with the Trump administration.

As part of the new deal, the U.S. has agreed to reduce import duties on a certain number of British cars and allow some steel and aluminum to enter the country's tariffs.

It has also provided relief to other major industries in the UK since Trump’s inauguration in January.

All over the world are scrambling to reach similar deals before they come into effect next month before U.S. import taxes.

Trump announced what he called “reciprocity tariffs” in April, but it was stopped for 90 days shortly thereafter to give his administration time to negotiate with his administration.