Bessent and China's He Lifeng are holding talks on trade, AI and critical minerals before the Sept. 24 Trump-Xi summit. U.S. equity futures ticked up Monday with the summit in focus.
Take: Classic pre-summit expectation management. Tariffs and rare earths are the chips, but AI controls are the real swing factor. A deal lifts risk broadly; a breakdown hits semis and tech first. Don't be one-sided here.