Trump and Xi land in Busan for highly anticipated meeting over trade

Chinese President Xi Jinping and U.S. President Donald Trump connected Thursday arrived successful Busan, South Korea, up of a much-anticipated gathering to code commercialized and tariff concerns.

The meeting, expected to start astatine 11 a.m. section time (10 p.m. ET, Wednesday), would beryllium the archetypal clip the 2 leaders see each different successful person since Trump began his 2nd word successful January. 

The high-stakes gathering comes arsenic tensions betwixt the world's 2 largest economies person been connected the boil this year. The latest escalation successful tensions came this month, with Beijing  export controls and Washington threatening to prohibition software-powered exports to China. 

The U.S. successful caller days has shared details astir deals they anticipation to execute with China – from restricting the travel of fentanyl to the U.S. to TikTok's divestiture from its Beijing-based genitor ByteDance. Tariffs, tech curbs and uncommon earths are besides connected the array for discussion.

Beijing had been much circumspect astir the prospects of an agreement, but successful a imaginable motion of thawing relationship, China bought its archetypal cargoes of U.S. soybeans successful respective months, Reuters reported Wednesday. 

Xi is successful South Korea – his archetypal authorities sojourn successful 11 years – from Thursday to Saturday to attend the APEC Economic Leaders' Meeting successful Gyeongju.

Investors are cautiously watching for headlines from Busan arsenic the commercialized warfare betwixt the U.S. and China has kept investors connected edge. Global markets soared astatine the commencement of the week connected increasing optimism that the U.S. and China could adjacent an statement connected trade.