China and Canada's leaders opened on Friday their first formal talks since 2017, with Xi Jinping meeting Prime Minister Mark Carney in South Korea, Chinese state media reported.But in her first policy address last Friday,

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.

In an effort to advance bilateral ties, China's President Xi Jinping and Canada's Prime Minister Mark Carney met to discuss trade and security. Amid ongoing disputes with the U.S., they pledged to explore new markets and agreed on mutual visits and cooperation in several sectors.

South Korea played host but all eyes were on China's Xi Jinping at an annual gathering of Pacific Rim leaders on Friday, where he met his Canadian, Japanese and Thai counterparts after securing a fragile trade truce with U.

Since Feb. 1, the US and China have entangled in a chaotic relationship, with tit-for-tat tariffs at times reaching triple-digit levels.

A display screen featuring the logo of the Annual Conference of Financial Street Forum 2025 in Beijing's Xicheng district on October 28, 2025. Photo: Yin Yeping/GT

Canada's main stock index opened flat on Thursday, as investors digested the tempered rate cut outlook in Canada and the U.S. and the newly announced U.S.-China trade agreement. At 9:31 a.m. ET (1331 GMT),