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 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.

The US and China ended high-stakes trade talks on a positive note, with US officials touting a "deal" to reduce the US trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogue forum.