Busan/Beijing (CNN) — Chinese leader Xi Jinping and US President Donald Trump have begun a landmark meeting in South Korea that could reset the volatile relationship between the world’s two largest economies and rival superpowers.

Both leaders shook hands Thursday morning at an airbase in the coastal city of Busan at the start of their talks, which are taking place on the sidelines of an international summit.

The meeting, the leaders’ first face-to-face meeting of Trump’s second term, caps off the US president’s five-day, three-country visit to Asia – and expectations are high for the two leaders to stabilize a fractious relationship in their discussion ahead.

The global economy has for months been roiled by a tit-for-tat of mounting tariffs, export controls and other penalties hitti

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