Geneva, May 11 -- 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.

https://x.com/WhiteHouse/status/1921623939060519353

"I'm happy to report that we made substantial progress between the United States and China in the very important trade talks. First, I want to thank our Swiss host. The Swiss government has been very kind in providing us this wonderful venue, and I think that led to a great deal of productivity we've seen. We will be giving details tomorrow, but I can tell you that the talks were productive," the statement quoted Bessent as saying.

"We had the vice premier, two vice minist...