Leaders of Pacific countries and territories, including China’s Xi Jinping, are gathering in South Korea for a major summit Friday. But the leader of one global powerhouse is conspicuously absent: Donald Trump.

This time, United States President Donald Trump stated that China "knows the consequences" if it attacks Taiwan, asserting that Chinese President Xi Jinping understands the situation "very well."

Chinese leader Xi Jinping told Asia-Pacific leaders his country would help to defend global free trade as U.S. President Donald Trump snubbed an annual economic regional forum

World leaders kicked off the Asia-Pacific Economic Cooperation summit on Friday, with Chinese President Xi Jinping taking the spotlight to address global trade uncertainties.

President Trump met with President Xi on the sidelines of the Asia-Pacific Economic Cooperation summit last week. APEC's host, South Korea, is carefully balancing its relations with the U.S. and China.

President Donald Trump met with Chinese President Xi Jinping in South Korea, agreeing to cut tariffs by 10%. He said he did so because China agreed to help address the fentanyl crisis.

Get live updates and the latest news as Trump concludes Asia trip after meeting Xi Jinping in South Korea and the government shutdown continues.

Post Trump's meeting with Xi, US Treasury's Scott Bessent said that a China-US trade deal could be signed next week. She also said that China has agreed to purchase 25 million metric tons of US soybeans annually.