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.

On Saturday, senior officials from Washington and Beijing concluded the first day of trade talks in Geneva, Switzerland. The president has been embroiled in a tense trade war since he raised U.S. tariffs on China to a combined 145 percent earlier this year, which prompted Beijing to retaliate with a 125-percent levy on American imports.

Hong Kong's benchmark Hang Seng Index closed 3% higher after both the U.S. and China chose to de-escalate a budding trade war.

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.

Talks resumed in the afternoon, and Trump later touted them as “very good ... Getty Images The president has blamed China for long engaging in unfair trade practices with the US and not doing enough to stop the global flow of fentanyl from within ...

Treasury Secretary Scott Bessent said on Sunday that the Trump administration has made progress in its trade negotiations with China. "We will be giving details tomorrow. "But I can tell you that the talks were productive," Bessent told members of the ...

Donald Trump is doing a “will he, won’t he” dance with Vladimir Putin on who exactly is showing up to the Ukraine peace talks.