President Donald Trump says a trip to China may happen soon, hinting at efforts to stabilize U.S.-China trade relations.

The Office of Management and Budget under the Executive Office of the President said the Trump administration appreciated the $500 million allocated by the House of Representatives, calling it "critical to enabling the Department of Defense's efforts to strengthen Taiwan's self-defense capabilities ," the Focus Taiwan news portal reported.

President Donald Trump hosted Philippine President Ferdinand “Bongbong” Marcos Jr. at the White House on Tuesday to discuss security in the Indo-Pacific and possibly hammer out a trade deal between the United States and its oldest regional military ally.

The State Department says a U.S. government employee has been banned from leaving China while traveling there in a personal capacity.

The State Department said that officials are actively engaged with their Chinese counterparts to resolve the situation swiftly.

US Treasury Secretary Scott Bessent said he will meet his Chinese counterparts in Stockholm next week for their third round of trade talks aimed at extending a tariff truce and widening the discussions.

U.S. Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart next week in Stockholm and discuss what is likely to be an extension of an August 12 deadline for a deal to avert sharply higher tariffs.