Scott Bessent told NBC News that President Donald Trump would most likely visit Chinese President Xi Jinping in Beijing early next year.

President Trump told reporters as he flew into Japan that he expects to have a trade agreement with China finalized by the end of his tour of Asia.

Investors sent major global indexes higher on optimism that President Trump and China’s top leader, Xi Jinping, could reach a wider agreement this week.

U.S. stocks opened at record highs Monday, with all three major benchmarks rising on optimism over U.S.-China trade negotiations ahead of President Donald Trump’s planned meeting with China’s top leader Xi Jinping later this week.

China and Germany sought on Monday to downplay suggestions of rising tension between the world's second and third largest economies, after German Foreign Minister Johann Wadephul postponed his first trip to Beijing.

Treasury Secretary Scott Bessent said 100% tariffs on China are "effectively off the table" after a "very good two-day meeting" between the U.S. and China.

Soybean futures are climbing 2% after Treasury Secretary Scott Bessent said initial talks led to an agreement that China will buy a substantial amount, after imports of the crop from the U.S. had fallen to zero.

The Norinco P60’s release was touted by Communist Party officials in press statements as an early showcase of how Beijing is using DeepSeek and AI to catch up in its arms race with the United States,