The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.

The United States has reached a preliminary trade deal with China after the two countries met for negotiations in Switzerland over the weekend, the Trump administration announced. The news follows Treasury Secretary Scott Bessent and U.

Following trade talks in Geneva, the US and China agreed to pause reciprocal tariffs for 90 days. President Trump called it a “total reset”, noting improved relations and ongoing discussions to address long-term trade concerns.