President Donald Trump says the US commands "great respect" from Beijing and that he will reach a "fantastic deal" with Chinese President Xi Jinping when the two leaders meet in South Korea.

Trump's remarks come after Beijing infuriated him by expanding export controls on rare earth products that are used in smartphones, fighter jets, electric vehicles and more.

"I think we're going to end up having a fantastic deal with China," he told reporters at the White House.

"It's going to be a great trade deal. It's going to be fantastic for both countries, and it's going to be fantastic for the entire world."

When asked about China's leverage, Trump said Beijing "threatened us with rare earths, and I threatened them with tariffs."

But he insisted his good relationship with Xi means they woul

See Full Page