Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a day of prolonged negotiations and will resume Sunday, a source said.

Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive import taxes they have imposed on each other's goods since President Trump launched a trade war.

The United States and China are carrying out high-level diplomatic talks in Geneva, Chinese state-run media reported from the Swiss capital on Saturday.