When it comes to trade, the US and China are calling a truce.
It's World Business Express from the BBC World Service.
I'm Liana Byrne.
Making a correction at Volkswagen is costing it billions of dollars and the airline Delta is also losing money because of the US government shutdown.
It's been a long time coming,
but today US President Donald Trump and Chinese President Xi Jinping reached a truce,
a trade truce, if you will.
This is what President Trump had to say.
I thought it was an amazing meeting.
He's a great leader, a leader of a very powerful, very strong country, China.
And from China, Guo Jankun is the Chinese Foreign Ministry spokesman.
The leaders of both countries agreed to maintain regular communication.
During the meeting,
President Xi emphasized that trade delegations of both countries exchanged in-depth views on important trade and economic issues and reached a consensus on resolving them.
So all this means that for one year there will be a pause on new export restrictions on rare earths and semiconductors.
But don't confuse this with a full-on trade deal.
Our Asia Business Correspondent Sir Janet Tiwari is in South Korea.
Trade officials have been working behind the scenes for many months now to try and resolve the differences between the world's two biggest economies,
the US and China.
The two presidents talked for about an hour and a half and when they came out they didn't say anything interestingly and it was only once President Donald Trump was on Air Force One flying back to the US that he told reporters that he thought the meeting was amazing and that they'd resolved differences on tariffs with the US agreeing to reduce some tariffs on Chinese goods in exchange for Beijing cracking down on the ingredients that go into fentanyl production and resuming the purchase of US soybean as well as keeping rare Earth's exports flowing.