Trump announced a cut on Chinese imports after meeting with Xi in South Korea, citing new understandings on fentanyl enforcement, farm trade and rare-earth exports.

SEOUL (Reuters) -Nvidia CEO Jensen Huang said on Thursday he was confident that U.S. President Donald Trump and Chinese leader Xi Jinping had a good conversation during a meeting in South Korea earlier in the day.

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

President Donald Trump met China's leader Xi Jinping on Thursday in a summit the U. side said yielded an agreement on a range of trade and technology issues that had ratcheted up tension between the world's two biggest economies.

Chipmaker Nvidia's market value hit a record $5 trillion on Wednesday, likely boosted in part by comments by U.S. President Donald Trump ahead of Thursday's trade talks with his Chinese counterpart Xi Jinping.