President Trump said Thursday he will cut U.S. tariffs on Chinese goods after he sat down with Chinese President Xi Jinping for a high-stakes summit in South Korea in the midst of a months-long trade war between the world's two largest economies.

"We have not too many major stumbling blocks," Trump said of a formal trade agreement after meeting with Chinese President Xi Jinping in South Korea.

During the Asia-Pacific Economic Cooperation summit, Xi advocated for genuine multilateralism and cooperation in turbulent times. , World News, Times Now

Donald Trump was caught on camera whispering a telling four words to Chinese President Xi Jinping during a high-stakes meeting that could spell big implications for U. S.

Prime Minister Anthony Albanese has met with Chinese President Xi Jinping but has refused to reveal whether he raised concerns over a PLA jet firing flares at an ADF surveillance plane.

Donald Trump claimed victory in trade talks with Xi Jinping on Thursday, securing concessions on rare earths elements, soybean sales and fentanyl, as he flew out from South Korea after their summit.

President Trump heads into a high-stakes meeting with Chinese President Xi Jinping seeking to finalize a trade deal that eases tensions globally.

The fate of the global economy hangs in the balance as President Trump and China's Xi Jinping prepare to meet in South Korea.