Delegations from China and the United States have begun trade discussions in South Korea, according to Chinese state media reports released on Wednesday. The meeting is taking place near Seoul’s Incheon International Airport, just hours before U.S. President Donald Trump’s scheduled visit to Beijing. No further details about the discussions have been disclosed.

U.S. Treasury Secretary Scott Bessent had earlier confirmed plans to meet Chinese Vice Premier He Lifeng, both of whom have previously led multiple rounds of trade negotiations. The talks are believed to be final preparations for potential announcements expected during an upcoming summit between Trump and Chinese President Xi Jinping. Last year, Washington and Beijing imposed reciprocal tariffs exceeding 100 percent on each other’s goods, but in October they agreed in South Korea to suspend the trade war for one year.

Bessent stated that economic security is national security and announced he would travel to Beijing for the Trump-Xi summit, accompanied by more than a dozen business executives, including Nvidia CEO Jensen Huang and Tesla CEO Elon Musk.