President Donald Trump concludes his summit with Chinese President Xi Jinping in South Korea, his last stop on his weeklong trip to Asia. | NBC News

US President Donald Trump on Thursday (Oct 30) described his talks with Chinese President Xi Jinping in South Korea as an “amazing meeting,” calling Xi a “great leader of a very powerful, very strong country.” Speaking to reporters aboard Air Force One as he departed Busan, Trump said he and Xi had agreed to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, resuming US soybean purchases and keeping rare earth exports flowing. #news #trump #xijinping | CNA

WATCH LIVE: President Biden Addresses the Nation

President Trump told reporters aboard Air Force One on his way back from Asia that the U.S. would lower tariffs, implemented on China earlier this year, from 20% to 10%, bringing the total combined tariff rate on China down from 57% to 47%. When asked what the major stumbling blocks left to negotiate with China, Trump told CBS News’ Nancy Cordes, “We have not too many major stumbling blocks. We have a deal now.” The president added that the deal will be renegotiated every year. No documents form