Overview
- Beijing confirmed the Thursday meeting in Busan, and Trump said he expects it to go very well, signaling potential progress on U.S.–China tariffs.
- U.S. and Chinese negotiators reached a preliminary trade understanding in Kuala Lumpur over the weekend that set foundations for leader‑level decisions.
- Trump has linked possible U.S. tariff reductions to Beijing curbing exports of fentanyl precursors, a trade‑off he said China will work on.
- The United States and Japan signed cooperation pacts on critical minerals and defense, alongside large Japanese investment pledges reported at about $550 billion.
- Trump confirmed a postponement of new U.S. tariffs on Mexico after speaking with President Claudia Sheinbaum, while talks with South Korea over a $350 billion U.S. investment package remain unresolved.