Trump gets royal welcome in Japan, China trade truce hopes rise

(Reuters:

TOKYO, Oct 27 – U.S. President Donald Trump received a royal welcome on Monday in Japan, the latest leg of a five-day Asia trip which he hopes to cap with an agreement on a trade war truce with Chinese President Xi Jinping.

Trump, making his longest journey abroad since taking office in January, announced deals with four Southeast Asian countries during the first stop in Malaysia and is expected to meet Xi in South Korea on Thursday.

Negotiators from the world’s top two economies hashed out a framework on Sunday for a deal to pause steeper American tariffs and Chinese rare earths export controls, U.S. officials said. The news sent Asian stocks soaring to record peaks.

“I’ve got a lot of respect for President Xi and I think we’re going to come away with a deal,” Trump told reporters on Air Force One before landing in the Japanese capital Tokyo.