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.

After two days of talks in Switzerland, significant progress in trade negotiations between the USA and China was announced. The delegations, led by the U.S. Treasury Secretary and the Chinese Vice Premier,

China hailed a trade agreement with the U.S. that will see both sides sharply reduce their tariffs for 90 days, calling it an "important step" that could lead to "deepening cooperation" between the world's two largest economies.