President Donald Trump and Chinese President Xi Jinping are set to hold a brief meeting later this month in South Korea, Treasury Secretary Scott Bessent said Thursday, adding that the administration anticipates a 'significant breakthrough' in trade negotiations with China. "The most important thing we are going to see is a meeting, a pull-aside meeting with President Trump and party chair Xi in Korea toward the end of the month," Bessent said. So it will be helpful for them to be able to speak in person and set the framework for trade going forward." Bessent expressed optimism for his own parallel trade talks with China's Vice Premier He Lifeng. "The Soybean Farmers of our Country are being hurt because China is, for "negotiating" reasons only, not buying.