Neither China nor the Trump administration provided further information on the terms of the agreement, but said more details would come Monday.

Trump’s escalation sent financial markets tumbling and left U.S. retailers warning that they might run out of goods as U.S.-China trade implodes. U.S. consumers, worried about the prospect of empty shelves and higher prices, are losing confidence in the economy.

WASHINGTON − Top Trump administration officials said they reached a trade agreement with China after two days of negotiations in Geneva, marking potentially a massive victory for President Donald Trump amid his trade war with Beijing.