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

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.

The US and China ended two days of trade talks in Geneva on a positive note, with both sides claiming progress. US President Donald Trump said “great progress” was made and called the the developments a “total reset” in relations.