The U.S. and China on Sunday resumed crucial tariff talks that have put the global economy on edge, but appeared to have diverging views of where the negotiations presently stand. U.S. President Donald Trump wrote on social media that “great progress” was being made and even suggested a “total reset” was a possibility as the sides took their seats for the second and final scheduled day of discussions in Geneva.

U.S. Treasury Secretary Scott Bessent testifies before a House Financial Services Committee hearing entitled "The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System,