Trump expects to reach agreements with Xi on trade, soybeans, nuclear arms
US President Donald Trump anticipates reaching multiple deals during his upcoming meeting with Chinese President Xi Jinping in South Korea.
US President Donald Trump has expressed his expectations of reaching various agreements with Chinese President Xi Jinping when they meet in South Korea next week.
These potential deals encompass several key areas, including the resumption of soybean purchases by China and discussions on nuclear weapons limits.
Trump discussed China's oil imports from Russia and the ongoing war in Ukraine during his Oval Office meeting with NATO Secretary General Mark Rutte.
He stated that he believes Xi has shifted his perspective on the conflict in Ukraine and would be open to ending it.
This stance contrasts with the remarks made by Trump's top trade negotiator and finance chief, who are currently en route to Asia to facilitate Trump’s meeting with Xi.
The US president downplayed the significance of China's restrictions on rare earth magnet exports, describing them as a minor disturbance compared to the impact of tariffs.
Trump also mentioned that he expects to make progress on soybean purchases, addressing concerns from American farmers who have experienced significant declines in Chinese orders.
Trade tensions between the United States and China have recently escalated after a period of relative calm.
In response to China's export controls on nearly all rare earths, Trump imposed additional tariffs of 100 percent on China, effective November 1st.
US officials, including Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, are traveling to Malaysia in an effort to defuse tensions over Beijing's rare earth export restrictions.
If no agreements are reached, the Trump administration is considering measures that would restrict a wide range of software-powered exports to China.
Bessent expressed optimism regarding the upcoming talks with Chinese officials and emphasized that Trump holds Xi in high regard.
He further stated that the US seeks a balanced trade relationship rather than total decoupling from China.
During his trip, Trump will meet with the new Japanese Prime Minister, Sanae Takaichi, as well as attend meetings of the Association of Southeast Asian Nations and the Asia-Pacific Economic Cooperation forum in Gyeongju.
These potential deals encompass several key areas, including the resumption of soybean purchases by China and discussions on nuclear weapons limits.
Trump discussed China's oil imports from Russia and the ongoing war in Ukraine during his Oval Office meeting with NATO Secretary General Mark Rutte.
He stated that he believes Xi has shifted his perspective on the conflict in Ukraine and would be open to ending it.
This stance contrasts with the remarks made by Trump's top trade negotiator and finance chief, who are currently en route to Asia to facilitate Trump’s meeting with Xi.
The US president downplayed the significance of China's restrictions on rare earth magnet exports, describing them as a minor disturbance compared to the impact of tariffs.
Trump also mentioned that he expects to make progress on soybean purchases, addressing concerns from American farmers who have experienced significant declines in Chinese orders.
Trade tensions between the United States and China have recently escalated after a period of relative calm.
In response to China's export controls on nearly all rare earths, Trump imposed additional tariffs of 100 percent on China, effective November 1st.
US officials, including Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, are traveling to Malaysia in an effort to defuse tensions over Beijing's rare earth export restrictions.
If no agreements are reached, the Trump administration is considering measures that would restrict a wide range of software-powered exports to China.
Bessent expressed optimism regarding the upcoming talks with Chinese officials and emphasized that Trump holds Xi in high regard.
He further stated that the US seeks a balanced trade relationship rather than total decoupling from China.
During his trip, Trump will meet with the new Japanese Prime Minister, Sanae Takaichi, as well as attend meetings of the Association of Southeast Asian Nations and the Asia-Pacific Economic Cooperation forum in Gyeongju.
