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.

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".

China’s leader agreed to delay restrictions on rare earth minerals for a year and buy more soybeans, Trump said after a meeting designed to calm trade tensions.

"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.

President Donald Trump says he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.

Trump's long-awaited meeting with the Chinese president. A 50-year pattern of sex abuse, silence and cover-up in the world's largest Pentecostal denomination. And, Hurricane Melissa's death toll rises as it causes more destruction in the Caribbean.

U.S. tariffs have acted as a negative demand shock for a small open economy like New Zealand's, Prasanna Gai, a member on the Reserve Bank of New Zealand's rate setting committee, said on Friday. At an event in Melbourne,

China has reported its factory activity contracted for a seventh straight month in October, reflecting pressure from higher U.S. tariffs and sluggish domestic demand