Chinese Vice Premier He Lifeng held talks with U.S. Treasury Secretary Scott Bessent on Saturday in a tentative first step towards defusing a trade war that is disrupting the global economy.Bessent and He were meeting in Geneva after weeks of growing tensions in which duties on goods imports between the world's two largest economies have soared far beyond 100%.

GENEVA (Reuters) - Members of Chinese and U.S. delegations left a Geneva lakeside venue late on Saturday afternoon after holding a day of trade talks, according to Reuters reporters at the scene. It was unclear if the discussions would continue.

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.