Summary
Trade talks between the US and China have reportedly resulted in a “deal” aimed at de-escalating the ongoing trade war ignited by Trump’s tariffs. US Treasury Secretary Scott Bessent announced “substantial progress” during the negotiations, which involved key officials from both nations, although specific details about the agreement remain undisclosed. The discussions, described as constructive, took place in Switzerland, with hopes of reducing the significant US trade deficit with China and rebalancing trade relations.
