The deal's structure is similar to the one that Japan and the U.S. struck in September, but South Korea managed to secure more safeguards to cushion any potential shock to the domestic foreign currency market, for example the $20 billion annual limit, Kim said.

President Trump is scheduled to meet with Chinese President Xi tonight in South Korea where the two are expected to discuss tariffs amid the escalating trade war. MSNBC Senior White House Reporter Vaughn Hillyard joins Ana Cabrera to share the latest updates.

White House press secretary Karoline Leavitt’s K-beauty shopping in South Korea draws attention amid the APEC Summit.

In 1977, Sakie Yokota’s then-13-year-old daughter Megumi was abducted to North Korea from Japan’s northern coast on her way home from school. Yokota said she hopes for progress on the issue and thanked Trump for pledging his support.

The Trump administration has been signaling that it may have finally reached a deal with China to keep TikTok running in the U.S., with the two countries finalizing it as soon as Thursday. President Donald Trump is visiting South Korea, where he will meet with Chinese President Xi Jinping to try to de-escalate a trade war.

President Trump said early Wednesday that the U.S. has “pretty much” reached a trade deal with South Korea. “We reached a deal. We did a lot of different things. Great session,” Trump told reporters,