China staying ‘right on schedule’ with US soybean purchases — US Treasury Secretary

cooperation between the two countries despite broader geopolitical tensions. Bessent noted that while the United States and China remain natural competitors, their relationship is currently in a constructive phase. Ongoing dialogue continues as both sides work to finalize the trade framework agreed upon during the recent meeting between the two leaders in South Korea. Earlier, President Donald Trump described relations with China as “extremely strong” following a phone call with President Xi Jinping. The conversation built on their earlier discussions aimed at completing the pending framework of a bilateral trade deal, which is still under negotiation. According to Bessent, up to four meetings between Trump and Xi could take place over the coming year. These include Trump’s potential attendance at the 2026 APEC summit hosted by China and Xi’s visit to the United States for the annual G20 gathering. Both sides are also preparing for reciprocal state visits. U.S. officials view ...