Can South Korea meeting ease US China trade tensions?

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• 00:00

  A trade ceasefire hangs in the balance.

• 00:10

  Welcome to World Business Report from the BBC World Service.

• 00:20

  I'm Sam Fennick,

• 00:21

  President Trump says the world is watching as he meets China's Xi Jinping in South Korea,

• 00:28

  a meeting that will decide whether the current ceasefire holds or

• 00:31

  if the two countries slide back into a tariff war.

• 00:35

  Also today, borrowing costs have come down in the US,

• 00:38

  but will it be enough to give job seekers and businesses a lift?

• 00:49

  So the much anticipated meeting between Donald Trump and China's President Xi Jinping is taking place in South Korea on Thursday.

• 00:59

  It's a summit with high stakes.

• 01:02

  The two leaders are deciding whether to extend their truce in the trade war or to risk a return to tariffs that could rise above 100%.

• 01:11

  Here's the US president sounding optimistic about a deal.

• 01:15

  We're going to be, I hope, making a deal.

• 01:17

  I think we're going to have a deal.

• 01:18

  I think it'll be a good deal for both.

• 01:21

  And that's really a great result.

• 01:23

  You know, that's better than fighting and going through all sorts of problems.

• 01:29

  Both sides are signaling some concessions.

• 01:32

  China may delay its new rare earth export controls,

• 01:36

  and Washington is considering easing a tariff link to chemicals used in fentanyl production.

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