Earlier Tuesday, the Wall Street Journal reported that Trump and Xi are expected to strike a deal on the tariff. The U.S. could cut the 20 percent fentanyl-related tariff in half if Beijing cracks down on the export of chemicals that can be used to produce fentanyl, the WSJ reports, citing people familiar with the talks.

US President Donald Trump anticipates significant progress in his upcoming talks with Chinese leader Xi Jinping, expecting many issues to be resolved.

Secretary of State Marco Rubio says "walking away from Taiwan" is not on the agenda for this week's talks in South Korea between President Donald Trump and his Chinese counterpart, Xi Jinping. Newsweek reached out to the White House and to the Chinese Foreign Ministry via email for comment outside of regular office hours.