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AXIOS (Marc Caputo) - Bessent sets stage for Xi visit in high-level China talk

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer held a high-level video call with China's vice premier to prepare for the September visit of its president, Xi Jinping, Axios has learned. Why it matters: The call sets the stage for President Trump and Xi to sign future trade deals between the U.S. and China. Zoom in: The cordial video conference call between Bessent, Grier and Chinese Vice Premier He Lifeng lasted more than an hour. - "I emphasized that we expect Beijing to fully meet its commitments on rare earths and U.S. agricultural products," Bessent told Axios in a written statement. - "We also discussed implementation of the Trade and Investment Boards as a mechanism to secure concrete progress toward…

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer held a high-level video call with China's vice premier to prepare for the September visit of its president, Xi Jinping, Axios has learned. Why it matters: The call sets the stage for President Trump and Xi to sign future trade deals between the U.S. and China. Zoom in: The cordial video conference call between Bessent, Grier and Chinese Vice Premier He Lifeng lasted more than an hour. - "I emphasized that we expect Beijing to fully meet its commitments on rare earths and U.S. agricultural products," Bessent told Axios in a written statement. - "We also discussed implementation of the Trade and Investment Boards as a mechanism to secure concrete progress toward…Open

NYTIMES (Tripp Mickle) - Intel’s Chip Business Shows Signs of Life After Years of Struggle

It is the centerpiece of President Trump’s drive to make more chips in the United States, but the company still has a long way to go before it can be called a complete turnaround.