Trump Meets South Korean Leader as Trade Talks With China, Korea Stall Amid Tensions

President Donald Trump is on a week-long Asia tour, with a key focus on advancing trade negotiations with South Korea and China. During his visit to South Korea, Trump met with President Lee Jae Myung in Gyeongju to discuss stalled trade talks, particularly concerning a $350 billion investment package and tariffs affecting South Korean car and steel producers. Although Trump announced a significant trade deal with South Korea that boosted the South Korean won, financial disagreements remain, especially over the investment structure. Trump also expressed optimism about reaching a "good deal" with Chinese President Xi Jinping, expected to include tariff reductions in exchange for easing Chinese export controls and cooperation on curbing fentanyl exports. His visit coincides with regional tensions, including a North Korean missile test and public protests in Seoul criticizing U.S. policies. Trump was honored with South Korea's highest state decoration, the Grand Order of Mugunghwa, recognizing his contributions to peace on the Korean Peninsula.