Donald Trump and Xi Jinping have an interest coming to the negotiating table. The U.S. president’s 145% additional tariff on many Chinese goods, and his counterpart in Beijing’s corresponding 125% charge,

President Trump insists there will be a fair trade deal with China as his tariffs continue to affect the markets and major global businesses. This comes as the prospects of a potential Russia-Ukraine peace deal lag.

Stocks were holding onto sizable gains Wednesday as many investors cheered the possibility trade talks between the United States might at least start. At the same time, President Trump's announcement he wouldn't try to remove Federal Reserve Chairman Jerome Powell cheered the market,