Washington — President Trump and Chinese President Xi Jinping will meet in Busan, South Korea, on Thursday (Wednesday night U.S. time) as the two leaders look to reach a trade deal they can both claim as a victory.

The meeting is set for 11 a.m. local time, or 10 p.m. ET Wednesday.

Mr. Trump's threat to impose an additional 100% tariff rate on Chinese goods starting Nov. 1 is "effectively off the table" for now, Treasury Secretary Scott Bessent said Sunday on "Face the Nation with Margaret Brennan." Mr. Trump threatened the additional 100% tariff on Chinese imports — which would bring tariffs on Chinese goods up to as high as 155% — in retaliation for China's increased export controls on rare earth minerals and magnets. China has the vast majority of the world's supply of those

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