Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz

U.S. Treasury Secretary Scott Bessent met Chinese counterpart He Lifeng in Paris to pave the way for a bilateral summit scheduled for late March. The meeting is a preparatory diplomatic engagement on economic ties and reduces near-term uncertainty around the summit, but is unlikely to move markets materially ahead of the talks.

Analysis

U.S. Treasury Secretary Scott Bessent met Chinese counterpart He Lifeng in Paris to pave the way for a bilateral summit scheduled for late March. The meeting is a preparatory diplomatic engagement on economic ties and reduces near-term uncertainty around the summit, but is unlikely to move markets materially ahead of the talks.