President Trump and Chinese leader Xi Jinping spoke on Thursday, with tariff and trade talks set to resume next week. Trump said Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer would meet with Chinese counterparts in London on Monday.

South Korea's new leader Lee Jae-myung and Donald Trump agreed in a phone call to work toward a tariff deal, Seoul said Friday, as a deadline approaches to avoid punishing US levies. Lee won a thumping victory in South Korea's election this week after months of political turmoil in Asia's fourth-largest economy.

President Donald Trump says China and the U.S. have agreed to more tariff talks amid trade standoff and concerns over rare earths.