Presidents Donald Trump and Xi Jinping on Thursday met in South Korea for their first in-person engagement of Trump’s second term. Trump called it a “truly great” meeting and emphasized the “enormous respect” between the United States and China. He fashioned the commitments made during the meeting as a one-year deal that the countries will re-negotiate annually. Though it is unclear what form a written text might take, Treasury Secretary Scott Bessent noted that the two sides hope to exchange signatures on the agreement as soon as next week and will convene working groups to discuss the details.
