The one-year agreement also addresses other issues, such as U.S. access to critical rare earth minerals and the Chinese soybean market, Trump said. The fate of social media platform TikTok remains unclear after the deal, but a thaw in tensions could influence a potential sale, some experts said.

The US president says: "On the scale from zero to 10, with 10 being the best, I would say the meeting was a 12." Beijing says the results were "hard won".

Trump announced a cut on Chinese imports after meeting with Xi in South Korea, citing new understandings on fentanyl enforcement, farm trade and rare-earth exports.

"China, which takes more than 60% of world soybean imports, has nearly completed booking cargoes from Brazil and Argentina through November, with limited purchases expected for December and January ahead of the Brazilian harvest.

Leaders of Pacific countries and territories, including China’s Xi Jinping, are gathering in South Korea for a major summit Friday. But the leader of one global powerhouse is conspicuously absent: Donald Trump.

An elementary school in Yimianpo is now a storage yard. The number of children in the town has dropped by half and there are fewer than three births per 1,000 residents in the province — China's lowest rate.

Even while warning about national security and human rights abuse, the U.S. government across five Republican and Democratic administrations has repeatedly allowed and even actively helped American firms to sell technology to Chinese police,

U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January, down from 22.5 million tons in the prior season after a months-long tariff battle halted all purchases of the current U.

President Lai Ching-te rejected Beijing’s latest push to get the self-governing island to come under Chinese control under a system of autonomy it uses for Hong Kong and Macau.

The fact sheet — which describes the concessions from China as “a massive victory that safeguards U.S. economic strength and national security” — is the latest installment in the White House’s media victory lap touting the results of Trump’s meeting with Xi.