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BusinessQuiet 5d · day 6

Bessent calls US-China trade talks 'successful' ahead of Trump-Xi summit

Asian markets rally after the Treasury Secretary's New York meeting with China's He Lifeng, days before Trump and Xi meet in Washington.

newest coverage 5d agosummary written 5d ago6 pieces NewswiresMastodonYouTube

What to know

  • Bessent's New York talks with China's He Lifeng, described as a success, come just days before Trump and Xi are expected to meet in Washington on trade, AI and geopolitics.
  • The two sides are discussing reciprocal tariff reductions on $30 billion of goods each, alongside AI-related issues.
  • Asian markets, led by tech and chip stocks, rallied Monday on optimism ahead of the summit, even as US tech leaders separately called for slowing AI development on safety grounds.
  • Markets remain sensitive to elevated bond yields (the 10-year Treasury hit 5%) following recent Fed and Bank of Japan rate hikes and war-driven inflation pressure from the conflict in Iran.

Scott BessentScott Bessent US Treasury SecretaryHe Lifeng Chinese Vice PremierDonald TrumpDonald Trump US PresidentXi JinpingXi Jinping Chinese leader

Bessent calls US-China trade talks 'successful' ahead of Trump-Xi summit
finance.yahoo.com

How it unfolded 1 development · click the chart to see its coverage articles

Peak 3 pieces in two hours at Sep 21, 1 AM; 6 pieces over 6 days (4 articles · 1 video · 1 post) Sep 20, 11 AM — 1 piece · 1 article — Newswires 1Sep 20, 1 PM — quietSep 20, 3 PM — quietSep 20, 5 PM — quietSep 20, 7 PM — quietSep 20, 9 PM — 1 piece · 1 article — Newswires 1Sep 20, 11 PM — quietSep 21, 1 AM — 3 pieces · 2 articles · 1 post — Newswires 2, Mastodon 1Sep 21, 3 AM — quietSep 21, 5 AM — quietSep 21, 7 AM — 1 piece · 1 video — YouTube 1Sep 21, 9 AM — quietSep 21, 11 AM — quietSep 21, 1 PM — quietSep 21, 3 PM — quietSep 21, 5 PM — quietSep 21, 7 PM — quietSep 21, 9 PM — quietSep 21, 11 PM — quietSep 22, 1 AM — quietSep 22, 3 AM — quietSep 22, 5 AM — quietSep 22, 7 AM — quietSep 22, 9 AM — quietSep 22, 11 AM — quietSep 22, 1 PM — quietSep 22, 3 PM — quietSep 22, 5 PM — quietSep 22, 7 PM — quietSep 22, 9 PM — quietSep 22, 11 PM — quietSep 23, 1 AM — quietSep 23, 3 AM — quietSep 23, 5 AM — quietSep 23, 7 AM — quietSep 23, 9 AM — quietSep 23, 11 AM — quietSep 23, 1 PM — quietSep 23, 3 PM — quietSep 23, 5 PM — quietSep 23, 7 PM — quietSep 23, 9 PM — quietSep 23, 11 PM — quietSep 24, 1 AM — quietSep 24, 3 AM — quietSep 24, 5 AM — quietSep 24, 7 AM — quietSep 24, 9 AM — quietSep 24, 11 AM — quietSep 24, 1 PM — quietSep 24, 3 PM — quietSep 24, 5 PM — quietSep 24, 7 PM — quietSep 24, 9 PM — quietSep 24, 11 PM — quietYesterday, 1 AM — quietYesterday, 3 AM — quietYesterday, 5 AM — quietYesterday, 7 AM — quietYesterday, 9 AM — quietYesterday, 11 AM — quietYesterday, 1 PM — quietYesterday, 3 PM — quietYesterday, 5 PM — quietYesterday, 7 PM — quietYesterday, 9 PM — quietYesterday, 11 PM — quietToday, 1 AM — quietToday, 3 AM — quietToday, 5 AM — quietToday, 7 AM — quietToday, 9 AM — quietToday, 11 AM — quietToday, 1 PM — quiet 1
Sep 21Sep 22Sep 23Sep 24yesterdaynow · 3:16 PM ET
  1. 1

    Asian markets rally ahead of the Trump-Xi meeting

    Asian shares mostly advanced Monday, with South Korea's Kospi up 1.8%, Samsung Electronics jumping 5%, and Hong Kong and Shanghai indexes rising, as tech stocks gained on the AI boom even as US tech leaders urged slowing AI development on safety grounds.

    “a very successful engagement…”
    — Scott Bessent, US Treasury Secretary · source
  2. background

    Bessent and He Lifeng hold trade talks in New York — Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng in New York ahead of the Trump-Xi meeting, with discussions touching on trade, tariffs and AI, including reciprocal tariff cuts on $30 billion of goods from each side.

  3. background

    Wall Street closes mixed to end the week — The S&P 500 added 0.2%, the Dow edged down 0.2%, and the Nasdaq gained 0.4% on Friday as markets awaited developments on US-China talks and the Trump-Xi meeting.

  4. background

    Fed and Bank of Japan both raise interest rates — The Federal Reserve raised rates for the first time in three years, and the Bank of Japan lifted its rate to a 31-year high, adding to elevated global bond yields.

Also covered reported alongside — the timeline has no entry for these yet

  1. 4 outlets Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting

    first by Philadelphia Inquirer, 5d ago · also Yahoo Finance, Associated Press, WTOP News