Treasury Secretary Scott Bessent reported "substantial progress," but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva.

Treasury Secretary Scott Bessent and Jamieson Greer, the United States Trade Representative, are leading the talks for Washington. For Beijing, the negotiations are being led by He Lifeng, China’s vice premier for economic policy. The tariffs effectively cut off trade between the world’s two largest economies.

Treasury secretary said substantial progress had been made with details to come Monday.