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

The United States and China are set to provide details on Monday of the “substantial progress” made during talks in Switzerland over the weekend aimed at cooling trade tensions ignited by US President Donald Trump’s sweeping tariffs.

Both countries promised to say more on Monday about what talks over the weekend achieved. Until then, investors and businesses are guessing.