The U.S. and China are set to begin trade talks in Geneva, Switzerland. Both sides will first want to make sure the other is serious about negotiating a future deal. Possible topics for discussion include lowering the current tariff rates of more than 100% and a litany of non-tariff trade barriers.

China and the United States start their first major Trade War Two meeting on Saturday to pull back from what analysts describe as a lose-lose situation for their economies, without much clarity on what a win would look like for either side.