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Trump-Xi summit begins

Chinese leader Xi Jinping has started talks with Donald Trump that will determine if the two superpowers extend a trade war truce or return to full-blown economic hostilities that could roil global markets, reports the Financial Times. In opening remarks at the start of their high-stakes summit in South Korea on Thursday, Trump said Xi was a “great leader of a great country” before adding that he believed the two would “have a fantastic relationship for a long period of time.”

Sitting across the table from Trump, Xi said it was a “great pleasure” to meet the US president for their sixth meeting.

The Chinese leader said it was natural that the US and China would “not always see eye to eye” and added that it was “normal for the two leading economies of the world to have frictions now and then.”

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