US-China Trade Truce Talks: Trump Meets Xi Amid Rising Tensions

U.S. President Donald Trump and China's Xi Jinping met at a South Korean air base to discuss a truce in their ongoing trade war. With both nations playing hardball, the future of economic relations remains uncertain. Trump aims for quick progress, while analysts warn of a possible new Cold War.

U.S. President Donald Trump met with Chinese leader Xi Jinping at a South Korean air base for discussions seeking a trade war truce. This meeting marks the first between the leaders since Trump resumed office in January, concluding his whirlwind Asia tour.

The meeting was held on the sidelines of the APEC summit, with Trump optimistic about reaching an agreement, having made breakthrough deals with South Korea earlier. Despite the optimism, questions persist on the longevity of such detente, amidst what is seen as a new Cold War.

The trade war was recently reignited when Beijing moved to expand controls on exports of rare-earth minerals crucial to high-tech industries. Trump has threatened retaliation, including 100% tariffs on Chinese exports, potentially disrupting the global economy.

(With inputs from agencies.)