[Video] Trump and Xi reach key trade agreements at APEC summit in South Korea

Video: Footage shows U.S. President Donald Trump and Chinese President Xi Jinping during their 90-minute bilateral summit at the APEC summit in South Korea.

Key outcomes include the U.S. cutting overall tariffs on Chinese goods from 57% to 47%, with fentanyl-related duties halved to 10%. China lifted export curbs on rare earths, ensuring U.S. access to critical minerals. Beijing committed to significant purchases of U.S. soybeans and sorghum and is exploring oil and gas deals in Alaska.

Trump described the meeting as "amazing," rating it "a 12 out of 10," while Xi referred to the two nations as "partners and friends." Full trade deal expected "pretty soon."