Donald Trump visits Seoul for talks with President Lee Jae-myung focused on trade, investment, and maintaining stability amid growing tensions in the Asia-Pacific region.

World leaders kicked off the Asia-Pacific Economic Cooperation summit on Friday, with Chinese President Xi Jinping taking the spotlight to address global trade uncertainties.

Trump described his Thursday meeting with Xi as a roaring success, saying he would cut tariffs on China, while Beijing had agreed to allow the export of rare earth elements and start buying American soybeans. Their deals were a relief to a world economy rattled by trade tensions between the world’s two largest economies.

South Korean President Lee Jae Myung said on Friday the Asia-Pacific region was at a critical inflection point with a rapidly changing global economic order, as he chaired a leaders' summit in the city of Gyeongju.

Leaders of Pacific countries and territories, including China’s Xi Jinping, are gathering in South Korea for a major summit Friday. But the leader of one global powerhouse is conspicuously absent: Donald Trump.

South Korea’s new president is hosting the Asia-Pacific Economic Cooperation summit, bringing together leaders from 20 countries, including the United States and China, whose leaders are set to hold a

Trump and Xi Jinping's high-stakes meeting in South Korea could reshape U.S.-China relations amid escalating trade tensions and potential tariff relief.

Central to the agreement was to set tariffs on Korean auto and auto parts at 15%, down from current 25%, to put them on par with their Japanese competitors. The U.S. is a major market for Hyundai Motor and affiliate Kia Corp, which are together the world's third largest carmakers by sales.