Treasury Secretary Scott Bessent offered rough outlines of an agreement that include China easing rare earth export restrictions and buying “significant” amounts of U.S. soybeans in exchange for President Donald Trump removing his threat of adding 100% tariffs on China.

Soybean futures rose 1% at the open on Monday after Treasury Secretary Scott Bessent flagged that the US and China were close to a trade deal which could include “substantial” purchases of the crop.

Secretary of State Marco Rubio said Taiwan won't be abandoned in China trade negotiations, emphasizing continued U.S. support amid Beijing's diplomatic pressure campaign.

China's leaders are vowing to reduce its reliance on foreign advanced technology and spur stronger domestic demand as it weathers “high winds” amid elevated trade tensions with the U.S. An outline of the ruling Communist Party's blueprint for the next five years was laid out in a 5,

S EVEN YEARS ago, when America’s trade war with China was just getting started, the Chinese science and technology ministry did something unusual. Its official newspaper, which usually confines itself to puff pieces about China’s accomplishments,