S&P 500 Rallies as U.S.-China Hold ‘Very Good’ Trade Meeting

FomoAnxiety · 2026-03-16T14:12:02+00:00

The S&P 500 rose nearly 1% after a positive U.S.-China trade meeting. Treasury Secretary Bessent noted stability in relations but warned the Trump-Xi summit might be delayed due to the Iran conflict, while Trump requested China's support for tankers.

FomoAnxiety

2026-03-16 14:12:02

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The S&P 500 (SPX) opened nearly 1% higher on Monday following a constructive trade meeting between the U.S. and China in Paris over the weekend.

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Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng ahead of the Trump-Xi summit scheduled for March 31 to April 2 in Beijing. “We had a very good two days here,” said Bessent, adding that the U.S. would release a statement “reaffirming the stability” of relations between the two countries in the coming days.

Trump ‘May Delay’ Summit with Xi amid U.S.-Iran War

At the same time, Bessent cautioned that the summit could be delayed because of the war in Iran, not because of trade disagreements. Trump affirmed Bessent’s statement, telling the Financial Times that he “may delay” the meeting.

Furthermore, Trump called on China to join a coalition of countries escorting tankers through the Strait of Hormuz. Analysts expect China to turn down the request given the country’s massive oil stockpile and reliance on clean energy.

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