News Summary

• President Donald Trump and Chinese leader Xi Jinping met face-to-face on Thursday in South Korea.
• Tensions between the world’s two largest economies have soared since Trump returned to office for a second term, and hiked import tariffs.
• The president told reporters aboard Air Force One that the U.S. would lower tariffs implemented earlier this year as punishment on China for its selling of chemicals used to make fentanyl from 20% to 10%.
• That brings the total combined tariff rate on China down from 57% to 47%“I guess on the scale from 0 to 10, with ten being the best, I would say the meeting was a 12,” Trump said.