Trump said he expects to lower fentanyl-linked tariffs on China ahead of a much-anticipated meeting with Chinese Xi Jinping in South Korea.

If Beijing takes action to cut the export of chemicals that make fentanyl, the U.S. would cut in half the 20% fentanyl-related levies on Chinese goods.

US and Chinese officials have reached a framework agreement, averting a potentially ruinous 157% tariff on Chinese goods while paving the way for a potential trade deal to be discussed between President Donald Trump and Chinese leader Xi Jinping later this week.

China "absolutely will not" rule out using force over Taiwan, a government spokesperson said on Wednesday, striking a much tougher tone than a series of articles in state media this week that pledged benign rule if the island comes over to Beijing.

President Trump told reporters as he flew into Japan that he expects to have a trade agreement with China finalized by the end of his tour of Asia.

"No Trump!" the rally of hundreds shouted, growing louder as it neared the United States embassy in the centre of South Korea's capital Seoul. A line of police buses stopped them reaching the gates, but a stage and loudspeaker ensured their voices would soar above Gwanghwamun square and within earshot of US President Donald Trump's representatives.

China's top trade negotiator, Li Chenggang, told reporters the two had reached a "preliminary consensus," while Trump's treasury secretary, Scott Bessent, said there was "a very successful framework."

Beijing and the Association of Southeast Asian Nations have signed an expanded free trade agreement as both sides face increased protectionism from the United States

US trade secretary says the two will sign a deal on TikTok, while hinting at agreement on rare earths and tariffs.

Treasury Secretary Scott Bessent said 100% tariffs on China are "effectively off the table" after a "very good two-day meeting" between the U.S. and China.

Nvidia Corp. Chief Executive Officer Jensen Huang said that maintaining the US edge in artificial intelligence will require a steady approach that ensures China remains hooked on American technology.

U.S. President Donald Trump says he plans to discuss Nvidia’s advanced Blackwell AI chips with Chinese President Xi Jinping later this week.