The United States has reached a preliminary trade deal with China after the two countries met for negotiations in Switzerland over the weekend, the Trump administration announced. The news follows Treasury Secretary Scott Bessent and U.

U.S. Treasury Secretary Scott Bessent said Sunday that there was "substantial progress" in the weekend sessions but offered scant information on exactly what negotiations entailed. He said more details would come at a briefing Monday.

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.