High-level talks between the United States and China have begun in Geneva, Switzerland, Chinese state media reported on Saturday, in a possible thaw in the trade war sparked by President Donald Trump’s massive tariffs.

Following trade talks in Geneva, the US and China agreed to pause reciprocal tariffs for 90 days. President Trump called it a “total reset”, noting improved relations and ongoing discussions to address long-term trade concerns.

Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.

U.S. President Donald Trump could have the upper hand in subsequent trade talks with China as the nations hammer out further negotiations, according to Neo Wang, lead China economist and strategist at Evercore ISI.

Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader.

President Donald Trump closed a long-standing loophole that had allowed a flood of inexpensive Chinese goods to be mailed to the United States without any tariffs. Starting May 2, those packages faced a tariff

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