US Treasury Secretary Scott Bessent said the trade deal from Donald Trump’s first tariff war with China gives the world’s two biggest economies “a very good framework” for upcoming discussions after the temporary lifting of levies between them.

Scott Bessent, the US Treasury Secretary, finished a two-day negotiation marathon with Chinese Vice Premier He Lifeng in Geneva on Sunday, landing what he called “substantial progress” in a deal meant to tone down the aggressive trade war between the two countries.

U.S. negotiators said Sunday that “substantial progress” was made and “perhaps the differences weren’t so large” after two days of negotiations with a high-ranking Chinese delegation on ways to