The US and China made “substantial progress” after two days of talks in Switzerland aimed at de-escalating a trade war, Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer said Sunday. “It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought,” Greer told reporters. “That being said, there was a lot of groundwork that went into these two days.” Bessent and Greer said they will share more details on Monday. There was no immediate confirmation from the Chinese side. The US announcement followed ... (full story)