🚨UPDATE ON US - CHINA TALKS IN SWITZERLAND

🇺🇸US Side

- After spending the entire weekend negotiating, the White House announced a 'trade agreement' with China but did not provide specific details.

- Treasury Secretary Scott Bessent stated that the trade talks held in Geneva over the weekend were effective.

- Trade Representative Greer believes that the two sides have reached a form of agreement and affirmed that the quick consensus shows that the gap between the two sides is not too large.

🇨🇳Chinese Side

- Vice Premier He Lifeng emphasized that this meeting is an important first step in the process of re-establishing bilateral economic relations.

- Both sides have agreed to establish a regular consultation mechanism to address trade issues.

- Deputy Minister of Commerce Li Chaoqiang stated that any agreement reached must serve China's development interests.

Both sides are expected to announce a joint statement today.$BTC