President Donald Trump touted trade negotiations with China in Switzerland Saturday, noting "many things" were discussed and "much [was] agreed to."

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.

Switzerland’s president has lamented “disappointing” talks with U.S. President Donald Trump’s treasury secretary that did not ease stiff U.S. tariffs on Swiss goods.