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

Sunday was the second day of trade talks between the US and China. Why is the world waiting for this deal? If the deal does not go through, who will be hit worse, China or the US?

China will host a summit that includes its key Latin American trade partners this week in an effort to advance influence and partnerships in the region, as Beijing and Washington work on defusing their trade war.