Asian shares rallied and U.S. futures jumped Monday, with Japan’s benchmark Nikkei 225 topping 50,000 for the first time. Work on trade deals that might alleviate friction between the U.S., China and other major trading partners contributed to upbeat sentiment as U.

Concern is increasing throughout Southeast Asia as U.S. officials, intent on slowing China, have yet to say how they will define the origin country of imports.

Trump's Asia summit tour includes meetings with Chinese President Xi Jinping and other regional leaders as trade tensions with Beijing escalate.

The leader of Canada’s most populous province said Friday he’ll pull the anti-tariff ad that prompted U.S. President Donald Trump to end trade talks with Canada. Ontario Premier Doug Ford said after talking with Prime Minister Mark Carney he’s decided to pause the advertising campaign effective Monday so that trade talks can resume.

The Pentagon sent an aircraft carrier to Latin America. The latest: Defense Secretary Pete Hegseth ordered the USS Gerald R. Ford and its associated warships to Latin America as part of the military’s ongoing strikes against alleged drug smugglers. The Pentagon accepted a $130 million donation to pay the troops.

Top Chinese and U.S. economic officials on Sunday hashed out the framework of a trade deal for U.S. President Donald Trump and Chinese President Xi Jinping to finalize that would pause steeper American tariffs and Chinese rare earths export controls and resume U.

Trump, who wants a Nobel Peace Prize, has claimed credit for the ceasefire between Thailand and Cambodia. He will oversee the signing of the “Kuala Lumpur Accord.”