Chinese President Xi Jinping and US President Donald Trump met in Busan, South Korea to discuss a framework trade deal reached last weekend. The summit aims to extend their trade truce beyond the November 10 deadline. The agreement follows escalation in which Trump imposed 145% tariffs on Chinese goods and Xi retaliated with 125% levies. Deal elements include Beijing approving American investors taking control of TikTok in the U.S., purchasing soybeans from American farmers, and postponing China’s rare earth export controls for one year. Speculation mounted that Trump could approve exports of advanced Nvidia chips to China.