US and China Make 'Substantial Progress' in Trade Talks

US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced on Sunday that the United States and China have achieved "substantial progress" during two days of high-level trade discussions in Switzerland. These talks, aimed at reducing tensions in an escalating tariff war, were conducted with Chinese Vice Premier He Lifeng and facilitated by the Swiss ambassador to the UN.

Constructive Dialogue and Future Steps

Greer described the negotiations as "very constructive," highlighting that the disparities between the two nations "are not as great as previously thought." Bessent added that further details would be disclosed on Monday, marking what both officials consider a significant advancement towards resolving the ongoing tariff disputes.