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Bessent floats idea that Trump may not visit China to meet with Xi

Bessent says that:We will see if Trump’s visit will take place as scheduledMarkets should not assume any rescheduling is because of any conflict between the US and ChinaWe discussed a new tariffs regime in meeting with Chinese counterparts over the weekendWe do not want to decouple but are doing a strategic change on trade relationsAny delay to Trump’s visit would not be because of the Strait of Hormuz topicIf the visit is rescheduled, it would be Trump’s decision to stay in the US amid the Iran warMore to come..
This article was written by Justin Low at investinglive.com.

🔗 Source

💡 DMK Insight

Trump’s potential visit to China is a big deal for markets right now. Traders should keep an eye on how this visit, or any rescheduling, could impact sentiment around US-China relations. The mention of new tariffs suggests that negotiations are ongoing, and any shifts could lead to volatility in related markets, especially commodities and equities tied to trade. If tariffs are implemented or hinted at, sectors like agriculture and technology could see significant price movements. But here’s the flip side: if the visit goes ahead without major announcements, it could lead to a ‘buy the rumor, sell the news’ scenario. Traders should watch for key levels in indices like the S&P 500 and commodities like soybeans, which are sensitive to trade news. Keep an eye on the next few weeks as developments unfold; the market’s reaction could set the tone for the rest of the quarter.

📮 Takeaway

Watch for any news on Trump’s visit to China; significant tariff discussions could lead to volatility in commodities and equities, especially if key levels are breached.

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