South Korea's presidential office said on Tuesday it is in talks with China to minimise the impact of Beijing's sanctions on shipbuilder Hanwha Ocean's U.S.-linked subsidiaries.

Treasury Secretary Scott Bessent said he expects to meet with his Chinese counterpart, Vice Premier He Lifeng, in Asia in coming weeks.

China accused the United States of derailing trade talks and warned that threats to raise tariffs are “not the right way” to engage.

South Korea and the United States made "meaningful progress" in negotiations over $350 billion of investments in the U.S. that Seoul pledged in a deal reached in July to secure reduced U.S. trade tariffs,

U.S. President Donald Trump admitted on Friday that his 100% tariff on Chinese goods cannot hold forever, but insisted Beijing left him no choice.

The White House said President Trump was open to talks with Kim as South Korea warns North Korea’s missiles could reach the US mainland.