In a crucial meeting on 30 October 2024, US President Donald Trump will rendezvous with Chinese President Xi Jinping to discuss trade relations and other pressing global issues. This marks their first in-person discussion since 2019, taking place during the Asia-Pacific Economic Cooperation (APEC) summit in South Korea.
Key Agenda for the Meeting
Both leaders are expected to focus on:
- Negotiations on a potential trade deal.
- China’s commitment to curb fentanyl exports.
- US tariffs on Chinese goods and possible reductions.
As Trump arrives from Japan, where he praised Japanese Prime Minister Sanae Takaichi, he is optimistic about easing trade tensions with China. Current talks suggest that the US might halve the existing 20 percent tariffs on Chinese imports, provided that Beijing takes action on certain issues.
North Korea’s Recent Missile Test
Just before this meeting, North Korea launched a missile capable of carrying nuclear warheads. Trump has downplayed the significance of the missile test, choosing instead to focus on the talks with Xi, which he believes could benefit both nations and the world economy.
A Dynamic Background
Amidst these negotiations, Trump has also engaged with South Korean President Lee Jae Myung, discussing a minor military investment of US$350 billion in exchange for tariff alleviations. This deal, which seeks to strengthen US-South Korea relations, is viewed by many analysts as a cornerstone for shaping stability in the Asia-Pacific region.
What’s Next?
As the dynamic between the US and China remains vital for global commerce and diplomacy, the outcome of this meeting is highly anticipated. Will Trump and Xi find common ground on tariffs and trade? Only time will tell, but with negotiations heating up, both nations stand to gain if a meaningful agreement can be reached.