Trade talks between the US and China are underway in Switzerland. Here's what's at stake

Hong Kong/London CNN — High-level talks between the United States and China have begun in Geneva, Switzerland, Chinese state media reported on Saturday, in a possible thaw in the trade war sparked by President Donald Trump's massive tariffs. Vice Premier He Lifeng will lead the talks on the Chinese side, while US Treasury Secretary Scott Bessent will be America's chief representative, state broadcaster CCTV said in a brief report. Bessent urged the public earlier this week not to expect a major trade deal out of the meetings, but he acknowledged it was an important step in negotiations. The US has…