The world’s two biggest economies agreed to a temporary rollback of most of their recent levies after negotiating in Switzerland over the weekend.

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.

Trade talks between the U.S. and China resumed in Switzerland on Sunday as President Trump took to social media to say "great progress" was being made. Trump said in a post late Saturday that the weekend talks were going well, with "many things discussed, much agreed to."