US, China to hold ice-breaker trade talks in Geneva on Saturday

WASHINGTON/BEIJING, May 7 (Reuters) - U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step toward resolving a trade war disrupting the global economy. News of the planned Geneva meeting, first announced by Washington late Tuesday, sent U.S. equity index futures higher. Stock markets in China and Hong Kong followed suit during Asian trading on Wednesday. The talks come after weeks of escalating tensions that have seen duties on goods imports between the world's two largest economies soar well beyond...