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

US Treasury Secretary Scott Bessent said he would give more details on Monday, May 12, while US Trade Representative Jamieson Greer, also at the talks, said the differences between the two sides were not as great as previously thought.