US President Donald Trump and his Chinese counterpart Xi Jinping are set to meet today in Busan on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, which is a high-stakes encounte

The president said he would cut tariffs on China, while Beijing had agreed to allow the export of rare earth elements and start buying American soybeans.

Trump claimed the meeting was “amazing” and a “12” on a scale of 1-10, but experts have said Xi successfully leveraged China’s rare earths advantage.

Donald Trump and Xi Jinping have agreed to postpone export controls on rare earths and chips as part of a broad one-year trade deal reached by the US and Chinese leaders at a summit in South Korea.

Trump had warned that the United States could impose a “potential 155% tariff” on Chinese goods if Beijing does not finalise a trade agreement.

President Donald Trump and Chinese president Xi Jinping have begun what is expected to be three to four hours of high-stakes ,in-person talks in hopes of lowering the temperature of a simmering trade war that has threatened to boil over and upend the global economy.

Trump, 79, was overheard claiming during a diplomatic dinner hosted by South Korean President Lee Jae Myung that the Thursday meeting with Xi would stretch “three to four hours” — despite official guidance from the White House budgeting a little under two hours for the summit.

Xi told Trump that Beijing had been helping the two Southeast Asian neighbours to settle their border dispute "in our own way", South China Morning Post reported.

President Trump said the issues of Taiwan, Russian oil and Nvidia’s advanced Blackwell chip weren’t raised during his wide-ranging meeting with Chinese President Xi Jinping in South