The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters that more details would be provided on Monday.

Prices will plunge if the United States and China fail to resolve their trade dispute limiting U.S. soybeans from their largest market, agribusiness consultancy AgResource said.

Officials wrapped up two days of bargaining in Switzerland and touted "substantial progress." More details are expected on Monday.

Geneva: US on Sunday announced a trade deal with China in Geneva, a statement by the White House said. Secretary of the Treasury Scott Bessent said that there was "substantial progress" between the parties. Why are oil prices rebounding from 4-year lows?

T op negotiators from the United States and China are set to meet in Geneva on Saturday, as the world’s two largest economies seek to navigate a path away from a bruising trade war that has disrupted global supply chains, slowed economic growth, and sent shockwaves through industries from electronics to agriculture.

"We're confident that the deal we struck with our Chinese partners will help us work toward resolving that national emergency," Jamieson Greer said.

Representatives from China and the U.S. met for a second day Sunday to discuss trade policies amid fallout from President Donald Trump’s tariff plan.

U.S. Trade Representative Jamieson Greer spoke Monday night with CNN's Kaitlan Collins, who asked: "If there were no major concessions made in Geneva by the Chinese officials, some businesses may ask,