The White House said it was announcing a trade deal without providing any details. Representatives from the U.S. and China had been meeting in Switzerland.

It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”

“I’m happy to report that we made substantial progress between the United States and China in the very important trade talks,” Bessent said, according to the White House. “First, I want to thank our Swiss host. The Swiss government has been very ...

White House economic advisor Kevin Hassett said the Chinese were "very, very eager" to rebalance trade relations with the United States.

President Donald Trump said the deal was possibly the most important thing to come from the talks over the weekend.