Welcome to the NewsHour. President Trump returned to the White House this afternoon after a week-long trip to Asia that ended with a meeting early today with Chinese President Xi Jinping.

That summit in South Korea comes as the U.S. and China are engaged in a tough trade war.

After the meeting, the two leaders agreed to something of a trade truce, each side making some concessions,

but mostly freezing the business battle lines in place.

Nick Schifrin starts our coverage.

We're going to have a very successful meeting, I have no doubt.

President Trump arrived to the highest stakes meeting of his second term predicting success.

It's a great honor to be with a friend of mine, really for a long time now.

But Xi Jinping has not backed down to U.S. pressure this year, and he began today's meeting

by recognizing the rivalry, as heard through his translator.

We do not always see eye to eye with each other, and it is normal for the two leading economies of the world

to have frictions now and then.

After an hour and 40 minutes, the two leaders did not solve their disputes, but agreed

to a pause. The U.S. will lower tariffs connected to the fentanyl trade from 20 percent

to 10 percent, bringing the U.S.'s combined

tariff rate on China down from 57 percent to 47 percent.

Well, it's going to be very strong at enforcing the fentanyl, everything having to do with

fentanyl regulations internally.

Overall, I guess on the scale from zero to ten, with ten being the best, I would say the

meeting was at 12.

China agreed to pause new restrictions on the export of heavy, rare elements and powerful

magnets for one year, but kept restrictions imposed earlier this year.

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