The US and China have agreed on a deal to help resolve the trade war raging between the world’s two largest economies, top Trump administration officials announced Sunday.

GENEVA (Reuters) -Switzerland has moved to the front of the queue for a trade deal with the United States, U.S. Treasury Secretary Scott Bessent said on Monday, after the Alpine country hosted surprisingly successful U.S.-China trade talks this weekend.

Next is the China factor. Third countries have two superpowers to keep happy. On May 14th Chinese officials attacked Britain’s deal with America, alleging that it indirectly targets China. Under the terms of the agreement,

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

The White House said it was announcing a trade deal without providing any details. Representatives from the U.S. and China had been meeting in Switzerland.

“A very good meeting today with China, in Switzerland. Many things discussed ... AFP via Getty Images The president revealed his first trade deal with the UK on Thursday, leaving the 10% tariff on the US ally, but opening up the UK market to US ...

Oil prices had plunged the lowest level in four years earlier this month as President Donald Trump's global tariff regime raised the risk of a recession that would slow demand. The lower tariff rate will remain in place for 90 days as the world's two largest economy continue to negotiate,

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.”