The crucial trade negotiations between the United States and China have resumed in Geneva, Switzerland ... U.S. Trade Representative Jamieson Greer indicated that a form of 'agreement' had been achieved. The White House announced a 'trade agreement ...

The de-escalation provides both sides with breathing space to find a way to preserve trading ties that were threatening to grind to a halt.

President Trump's administration scaled back high tariffs on China after advisors, including Susie Wiles and Scott Bessent, cautioned that the economic burden disproportionately affected his core supporters.

The White House has issued a statement saying the U.S. announced a China trade deal after the conclusion of talks between the U.S. and Chinese delegations in Switzerland on Sunday. But it wasn't immediately clear whether a deal had actually materialized.

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"U.S. Announces China Trade Deal in Geneva," read the White House's headline for a transcript of Treasury Secretary Scott Bessent's and U.S. Trade Representative Jamieson Greer's remarks to reporters.