The White House said it was announcing a trade deal, without providing any details. Representatives from the U.S. and China had been meeting in Switzerland.

Financial markets will reopen needing to decide if warm words are as good as action after trade talks between the US and China ended with President Donald Trump’s advisers declaring “substantial progress” had been made,

Top US officials involved in high-level trade negotiations with China emerged from two days of talks touting “substantial progress” and appearing to confirm that a deal between the two countries had been reached,