China said on Wednesday trade talks with the U.S. were an important step toward bridging gaps but what was really needed was "indispensable" multilateralism to find a way out of global trade turmoil.

The Chinese government accused the Trump administration of undermining recent trade talks in Geneva after it warned that using Huawei Technologies Co.’s artificial-intelligence chips “anywhere in the world” would violate US export controls.

U.S. and Chinese officials are set to meet in Switzerland to discuss potentially de-escalating the trade spat that has resulted in high tariffs for each country.