Key Takeaways The U.S. and U.K. announced a trade deal framework on Thursday, boosting Wall Street's hopes for more deals to come. U.S. and Chinese officials are scheduled to meet in Switzerland this weekend to hold their first talks since the beginning of a tit-for-tat trade war that White House officials have compared to an embargo.

Trade talks between the United States and China have begun in Geneva, Switzerland, Chinese state media reported on Saturday, a nascent sign of a thaw in the trade war sparked by President Donald Trump’s massive tariffs.