The US and China have agreed on a deal to help resolve the trade war raging between the world’s two largest economies, top Trump administration officials announced Sunday.

Switzerland has moved to the front of the queue for a trade deal with the United States, U.S. Treasury Secretary Scott Bessent said on Monday, after the Alpine country hosted surprisingly successful U.

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.

US officials met with their Chinese counterparts for the first time on Saturday to go head-to-head over President Trump’s tariff war.

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.

In a surprising turn of events, the Trump administration has announced a preliminary trade agreement with China following intense negotiations in Geneva. This development aims to ease the ongoing tariff war between the world's two largest economies,

Treasury Secretary Scott Bessent is poised to launch trade negotiations with China in Switzerland on Saturday.

Oil prices had plunged the lowest level in four years earlier this month as President Donald Trump's global tariff regime raised the risk of a recession that would slow demand. The lower tariff rate will remain in place for 90 days as the world's two largest economy continue to negotiate,