The Trump administration is expected to announce it has reached a trade deal with China on Monday. U.S. Treasury Secretary Scott Bessent told reporters details will be announced regarding the "productive talks" with Chinese Vice Premier He Lifeng and two Chinese vice ministers about the "substantial progress" made with Chinese officials as negotiations concluded in Geneva.

New details are emerging on President Trump's trade deal with the United Kingdom, which was announced yesterday, and turns out to be more of a "framework" for a deal, rather than an actual deal per se.

The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.