After months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock.

The two leaders reached an agreement on fentanyl, some tariffs and rare earths, at least for a year. But even as the global trade picture cleared a little, Mr. Trump spurred new worries about nuclear proliferation.

President Trump announced an agreement with Chinese President Xi Jinping to ease their trade war following a meeting Thursday, with the U.S. scaling back tariffs and China delaying export controls and resuming some soybean purchases.

US President Donald Trump and Chinese President Xi Jinping have reached agreements to ease tensions in their long-running trade and tariff dispute, but there was no sign of a major breakthrough at their closely watched meeting in South Korea.

P resident Donald Trump said he approves of South Korea building a nuclear-powered submarine -- a permission that comes after he and President Lee Jae Myung reached a trade agreement during a bilateral meeting on Wednesday. Trump said during the meeting several economic promises were made on the part of South Korea.

President Trump is eyeing an energy deal with China, he said in a social media post Thursday. He said in a post on Truth Social that Beijing has agreed to begin purchasing U.S. energy and that a “very large scale transaction” related to oil and gas from Alaska “may take place.

President Trump told reporters as he flew into Japan that he expects to have a trade agreement with China finalized by the end of his tour of Asia.

GYEONGJU, South Korea — The United States and South Korea advanced trade talks on Wednesday, addressing details of $350 billion that would be invested in the American economy, after negotiations and ceremonies that included the presentation of a gold medal and crown to President Trump.