U.S. President Donald Trump on Thursday met face-to-face with Chinese leader Xi Jinping in Busan, South Korea – just hours after Trump hinted online at potential shifts in U.S. defense and trade policy. 

The meeting marked the final stop of Trump’s Asia trip, which also included stops in Malaysia and Japan, and focused on cooling the economic standoff between Washington and Beijing. 

Since returning to the White House in January, Trump has levied major tariffs on Chinese imports – a move that prompted Beijing to tighten its control over exports of rare earth elements. Both leaders signaled interest in reducing tensions to avoid further shocks to the global economy. 

Ahead of Thursday’s summit, U.S. and Chinese aides signaled the discussion would center on tariffs, advanced technology exports, and supply chain competition – key sticking points that have long defined the relationship between the two powers. Trump told reporters he believed the two sides could reach common ground. 

After the talks, Trump said he and Xi had ‘an amazing meeting’ and that both sides had reached ‘an outstanding group of decisions’ on key economic and security issues. The president said Xi agreed to begin immediate purchases of U.S. soybeans and other farm goods and that China would work ‘very hard’ to block fentanyl from entering the U.S.

Trump said he would cut the tariff rate on Chinese imports from 20% to 10% in response to Xi’s promise to crack down on the flow of fentanyl.

‘I believe he’s going to work very hard to stop the death that’s coming in,’ Trump said.

The two sides also reached an understanding on rare earth exports, as China agreed to pause planned export controls for a year, Trump said. A senior administration official later clarified that both leaders agreed to revisit the agreement next year, and that the arrangement could be extended at that time.

The U.S. president also said he spoke to Xi about chip technology. He said China would be in discussions with Nvidia about additional semiconductor purchases but that the company’s newest generation of advanced processors were not part of the conversation.

The president described the outcome of the deal as a one-year framework agreement aimed at being renewed annually.

‘We have a deal,’ Trump said. ‘Every year we’ll renegotiate the deal, but I think it’ll go on for a long time.’

Trump also said the administration announced plans for reciprocal visits, with the U.S. president traveling to China in April and Xi visiting the U.S. later this year.

The meeting, which lasted roughly an hour and forty minutes, concluded with a brief photo opportunity before the two leaders went their separate ways. Afterward, neither side released details about what was discussed. Trump departed Busan without taking questions, waving to the press pool as he climbed the steps to Air Force One. 

As cameras clicked, Trump leaned toward Xi and appeared to speak quietly before shaking hands and boarding the plane. 

Trump and Xi spoke briefly to the press before heading into a closed-door session for less than two hours with senior aides.

‘It’s an honor to be with a friend of mine,’ Trump said of Xi, adding that while some issues remain unresolved, ‘I think we’ve already agreed to a lot of things.’

Xi said in his opening remarks that ‘it feels very warm seeing you again because it’s been many years.’ 

The Chinese leader acknowledged that occasional friction between major powers is natural, adding that the U.S. and China ‘can still find ways to thrive side by side.’ 

Earlier aboard Air Force One en route to South Korea, Trump suggested he may reduce tariffs imposed on China due to Beijing’s cooperation in curbing fentanyl exports.

‘I expect to be lowering that because I believe that they’re going to help us with the fentanyl situation,’ Trump said, adding, ‘The relationship with China is very good.’

The Associated Press contributed to this report.

Vice President JD Vance spoke at length during a large Turning Point USA gathering at the University of Mississippi (Ole Miss) in honor of Charlie Kirk, during which he shared the slain conservative activist’s impact on his faith and told students that ‘a properly rooted Christian moral order’ is key to the future of the country.

After the audience heard from Kirk’s widow, Erika, Vance took the stage and spoke for a brief time before taking questions from the audience on a range of issues from immigration to National Guard deployments and the Second Amendment. But several of the questions revolved around Vance’s faith and the impact it has had on how he governs as Vice President. Some asked about his views on religious liberty while another questioned how he was raising his family in a dual-religion household where his wife is Hindu.   

‘I make no apologies for thinking that Christian values are an important foundation of this country,’ Vance said when responding to a question about the separation of church and state. ‘Anybody who’s telling you their view is neutral likely has an agenda to sell you. And I’m at least honest about the fact that I think the Christian foundation of this country is a good thing.’

Meanwhile, Vance railed against contemporary liberalism in his comments about faith Wednesday night, calling it a ‘perverted version of Christianity.’  

‘There’s nothing wrong, of course, with focusing on people who are disenfranchised, for example. That’s the focus of liberalism. But if you completely separate it from any religious duty or any civic virtue, then that can actually become, for example, an inducement to lawlessness,’ Vance said while responding to a questioner. ‘You can’t just have compassion for the criminal. You also have to have justice too. Which is why I think that a properly rooted Christian moral order is such an important part of the future of our country.’

Vance went on to say that he does not think God must be kicked out of the public square, adding he did not believe that is what the founders intended. 

‘Anybody who tells you it’s required by the Constitution is lying to you,’ Vance argued. ‘What happened, is, the Supreme Court interpreted ‘Congress shall make no law respecting an establishment of religion’ to effectively throw the church out of every public place at the federal, state and local level. I think it was a terrible mistake, and we’re still paying for the consequences of it today.’

In addition to taking tough policy-oriented questions about faith and religion, Vance was also asked at one point about living in an interfaith household. Vance’s wife is Hindu. 

Vance noted how when the pair met he was not a Christian, but over time he and his wife, Usha, decided to raise their boys Christian. Vance said open communication and respect for each other’s beliefs played a part in his marriage and his family’s decision to raise their kids Christian.   

‘Most Sundays she will come with me to church. As I’ve told her, and I’ve said publicly, and I’ll say now in front of 10,000 of my closest friends, ‘Do I hope eventually that she is somehow moved by the same thing that I was moved in by church? Yeah, I honestly, I do wish that.’ Because I believe in the Christian gospel and I hope eventually my wife comes to see it the same way. But if she doesn’t, then God says everybody has free will, and so that doesn’t cause a problem for me.’

Vance also spoke about the impact Kirk has had on his faith during the Wednesday night event honoring the slain activist. Vance said that, at least in part, Kirk moved him to be more vocal about his faith.

‘This is another way in which Charlie has affected my life – I would say that I grew up again in a generation where even if people had very deep personal faith, they didn’t talk about their faith a whole lot,’ Vance told the crowd while remembering his late friend. 

‘But the reason why I try to be the best husband I can be, the best father I can be, the reason why I care so much about all the issues that we’re going to talk about, is because I believe I’ve been placed in this position for a brief period of time to do the most amount of good for God and for the country that I love so much. And that’s the most important way that my faith influences me.’

U.S. President Donald Trump met face-to-face with Chinese leader Xi Jinping on Thursday, the final day of Trump’s trip to Asia that included stops in Malaysia, Japan and South Korea, in an attempt to resolve the ongoing trade disputes between the two sides.

Trump has imposed substantial tariffs on China since returning to the White House in January, and Beijing retaliated with limits on exports of rare earth elements. Both sides want to avoid the risk of blowing up the world economy, which would harm their own countries.

The leaders of the world’s two largest economies spoke to the press in brief introductory remarks before meeting behind closed doors along with their top officials.

Xi said in his opening remarks that ‘it feels very warm seeing you again because it’s been many years.’

‘We do not always see eye to eye with each other,’ Xi said, noting that ‘it is normal for the two leading economies of the world to have frictions now and then.’

The Chinese leader added that the two countries ‘are fully able to help each other succeed and prosper together.’

The Associated Press contributed to this report.

This is a developing story. Check back for updates.

As President Donald Trump and Chinese leader Xi Jinping prepare to meet Thursday, one soft-spoken U.S. export star will take center stage: soybeans. 

The humble crop, a $30 billion pillar of U.S. agriculture exports, has become a powerful symbol of the economic interdependence and political tension between Washington and Beijing. 

In short, soybeans have come to embody the volatility of the U.S.–China trade war. Beijing halted purchases of American soybeans in response to Trump’s earlier tariffs on Chinese goods. 

China pivoted to suppliers in Brazil and Argentina, a move that underscored how quickly global trade patterns can shift and how vulnerable U.S. farmers are to diplomatic rifts between Washington and Beijing.

What began as tit-for-tat posturing between the world’s two largest economies has turned into a symbolic and economic gut punch for Trump’s rural base, whose livelihoods depend on the very trade ties now caught in the crossfire.

According to the American Soybean Association, the U.S. has traditionally served as China’s leading soybean source. Prior to the 2018 trade conflict, roughly 28% of U.S. soybean production was exported to China. Those crop exports fell sharply to 11% in 2018 and 2019, recovered to 31% by 2021 amid pandemic-era demand and eased back to 22% in 2024.

But some policy experts argue that China’s shift away from U.S. soybeans was already underway.

‘China was always going to reduce its reliance on the United States for food security,’ Bryan Burack, a senior policy advisor for China and the Indo-Pacific at the Heritage Foundation told Fox News Digital. ‘China started signing purchase agreements with other countries for soybeans well before President Trump took office.’ 

He added that Beijing has ‘been decoupling from the U.S. for a long time.’

‘Unfortunately, the only way for us to respond is to do the same, and that process is painful and excruciating,’ Burack said.

But for farmers thousands of miles from Washington and Beijing, those policy shifts translate into shrinking markets and tighter margins.

‘We rely on trade with other countries, specifically China, to buy our soybeans,’ Brad Arnold, a multigenerational soybean farmer in southwestern Missouri, told FOX Business. He said China’s decision to boycott U.S. soybean purchases ‘has huge impacts on our business and our bottom line.’

‘There are domestic uses for soybeans, looking at renewable diesel, biodiesel specifically produced from soybeans,’ Arnold said. ‘In the grand scheme of things, that’s such a small percentage currently, you know it’s going to take a customer like China to buy beans to make a noticeable impact. You can’t take our No. 1 customer, shut them off and just overnight find a replacement.’

That reliance on China adds new weight to the diplomatic stage this week as Trump and Xi prepare to meet in South Korea. The two leaders will meet on the sidelines of the Asia-Pacific Economic Cooperation Summit in Busan, South Korea, marking their first in-person talks since Trump’s return to office. 

Ahead of the meeting, Treasury Secretary Scott Bessent said he expected China to delay rare earth restrictions and resume U.S. soybean purchases, calling it part of a ‘substantial framework’ both sides aim to maintain. Bessent also said that trade negotiations were moving toward averting a fresh 100% U.S. tariff on Chinese goods.

And in a possible gesture of easing tensions, Reuters reported that China bought around 180,000 metric tons of U.S. soybeans in the run-up to Trump and Xi’s meeting.

Whether it marks a true thaw in U.S.–China trade relations or just a temporary reprieve, the purchase underscores how deeply intertwined diplomacy and agriculture remain.

Fox Business’ Eric Revell contributed to this report.

President Donald Trump announced the United States would impose 10% tariffs on multiple European countries unless Denmark agrees to the ‘complete and total purchase of Greenland,’ warning that global security and U.S. national defense were at stake.

Trump made the announcement in a lengthy Truth Social post on Saturday, arguing that the U.S. has subsidized Denmark and other European Union nations for decades by failing to charge tariffs and providing what he described as ‘maximum protection.’

‘We have subsidized Denmark, and all of the Countries of the European Union, and others, for many years by not charging them Tariffs, or any other forms of remuneration,’ Trump wrote.

‘Now, after Centuries, it is time for Denmark to give back — World Peace is at stake!’

Trump wrote that both China and Russia want Greenland and he said there was ‘not a thing that Denmark can do about it.’

‘They currently have two dogsleds as protection, one added recently. Only the United States of America, under PRESIDENT DONALD J. TRUMP, can play in this game, and very successfully, at that!’ Trump wrote. 

‘Nobody will touch this sacred piece of Land, especially since the National Security of the United States, and the World at large, is at stake.’

Trump said that Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland have ‘journeyed’ to Greenland, for ‘purposes unknown,’ posing a very dangerous situation for the safety, security and survival of our planet.

‘All of the above-mentioned Countries… will be charged a 10% Tariff on any and all goods sent to the United States of America,’ Trump wrote. 

On June 1, 2026, the tariff will be increased to 25%, he said. 

‘This Tariff will be due and payable until such time as a Deal is reached for the Complete and Total purchase of Greenland.’

In recent weeks, Trump has zeroed in on Greenland, the world’s largest island at a strategic crossroads in the Arctic, and floated the idea of tariffs being imposed on Friday. 

A semi-autonomous territory of Denmark, Greenland is home to a crucial U.S. military base and has taken on growing strategic importance as melting ice opens new shipping lanes and access to a wealth of natural resources.

In his Saturday post, Trump said the United States has tried to purchase Greenland for more than 150 years but that Denmark has repeatedly refused. 

He tied the push to modern weapons systems and the ‘Golden Dome,’ saying hundreds of billions of dollars are being spent on related security programs and that the system can only work at maximum efficiency if Greenland is included. 

‘The United States of America is immediately open to negotiation with Denmark and/or any of these countries that have put so much at risk, despite all that we have done for them, including maximum protection, over so many decades,’ Trump wrote. ‘Thank you for your attention to this matter!’

Trump’s remarks come as his administration awaits a Supreme Court ruling on whether some of the tariffs he imposed in 2025 were legal.

Fox News’ Amanda Macias contributed to this report. 

President Donald Trump spoke to the press while en route to South Korea on Tuesday aboard Air Force One and made remarks about his authority to deploy U.S. military forces domestically — something that will likely draw legal and political concerns.

Trump was traveling to the Asia-Pacific Economic Cooperation (APEC), where he is scheduled to meet with Chinese President Xi Jinping.

During the media availability, Trump claimed he could deploy U.S. military forces into American cities if necessary, claiming that ‘the courts wouldn’t get involved.’

When speaking with reporters, he said he would consider using the military beyond the National Guard if the need arises.

‘I would do that if it was necessary,’ he said. ‘It hasn’t been necessary. We’re doing a great job without that.’

Trump also argued that, as president, he has the power to take such an action.

‘If I want to enact a certain act, I’m allowed to do it routinely,’ he said. ‘I’d be allowed to do whatever I want… You understand that the courts wouldn’t get involved. Nobody would get involved.’

He added, ‘I could send the Army, Navy, Air Force, Marines. I can send anybody I wanted, but I haven’t done that because we’re doing so well.’

Trump made it a point to use San Francisco as an example, describing how federal officials were ‘all set to go last Saturday’ to intervene in the city but held off after local leaders asked for a chance to handle it themselves.

‘We would have solved that problem in less than a month,’ he said, adding that federal intervention ‘would go a lot quicker and it’s much more effective.’

He also emphasized what he described as progress in other parts of the U.S.

‘Memphis is making tremendous progress,’ Trump said. ‘It’s down, I think, almost 70%, 60–70%. And within two or three weeks it would be down to almost no crime.’

The president is scheduled to meet with Xi on Wednesday to discuss fentanyl trafficking, trade policy and border security.