Trump and China's Xi are meeting in South Korea to try to roll back months of trade tensions

"Trump's aggressive use of tariffs since returning to the White House for a second term combined with China's retaliatory limits on exports of rare earth elements have given the meeting newfound urgency. There is a mutual recognition that neither side wants to risk blowing up the world economy in ways that could jeopardize their own country's fortunes. "We're going to have a very successful meeting, I have no doubt," Trump said as they shook hands."

"When the two were seated, Xi read prepared remarks that stressed a willingness to work together despite differences. "Given our different national conditions, we do not always see eye to eye with each other," he said through a translator. "It is normal for the two leading economies of the world to have frictions now and then." In the days leading up to the meeting, U.S. officials have signaled that Trump does not intend"

President Donald Trump met Chinese leader Xi Jinping in Busan near Gyeongju during the APEC summit to stabilize strained relations between the world's largest economies. The meeting addressed aggressive U.S. tariffs, Chinese retaliatory limits on rare earth exports, and trade negotiations with potential agricultural purchases. Both leaders signaled willingness to work together despite differences, with Trump expressing confidence in a successful meeting and Xi acknowledging occasional frictions between large economies. U.S. officials indicated that Trump may not impose an additional 100% import tax, while China showed signs of relaxing export controls and agreeing to buy U.S. soybeans.

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