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Story summary
- U.S. President Donald Trump will meet Chinese leader Xi Jinping in Washington this week.
- Treasury Secretary Scott Bessent called the talks very successful on trade and AI.
- China and the United States discussed reciprocal $30 billion tariff cuts on each side's goods.
- U.S. 10-year Treasury yield hit 5% as the Federal Reserve (Fed) raised rates after three years.
- Brent crude fell to $100.50 per barrel.