The president’s trip to Asia is drawing attention to U.S.–China trade talks. Treasury Secretary Scott Bessent indicated that both countries are stepping back from recent threats: China will resume buying U.S. soybeans and drop plans for rare-earth export restrictions, while President Trump is easing off additional tariffs beyond the current 55%. A notable point is China’s agreement to transfer TikTok’s U.S. operations to new ownership, reducing its control over data and algorithms. Besssent said full details will follow after Trump and Xi meet in South Korea later this week. Isaac Stone Fish, CEO of China-focused intelligence firm Strategy Risks, expects the meeting to produce a symbolic deal that calms markets but does not resolve deeper issues. If seen as credible, the deal could stabilize prices and encourage investment; if not, uncertainty will persist. Trump also signaled openness to meeting North Korean leader Kim Jong Un, though such a summit is likely not imminent.