Treasury Secretary Scott Bessent reported "substantial progress," but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva.

GENEVA: The US and China ended high-stakes trade talks on a positive note on Sunday (May 11), with US officials touting a "deal" to reduce the US trade deficit, while Chinese officials said the sides

The U.S. treasury secretary and America’s top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy.