Top US and Chinese trade officials met over the weekend in Switzerland, their first high-level talks since Trump announced tariffs. What's next for Beijing as it navigates a second trade war with Washington?

The Treasury secretary cited progress and promised more details Monday. Beijing said the two sides agreed to start a formal negotiation process.

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,