Busan (South Korea) (AFP) – US President Donald Trump said on Wednesday he expected a “lot of problems” to be solved with Chinese leader Xi Jinping in their talks on dialing down their hugely damaging trade war. The US leader said he expected their first face-to-face talks of his second term to result in the United States lowering tariffs imposed on China in relation to fentanyl.
“I think we’re going to have a great meeting with President Xi of China, and a lot of problems are going to be solved,” Trump said en route to South Korea where he is due to meet with Xi. He also noted that he was “not sure” whether he would discuss the sensitive topic of self-ruling Taiwan during his meeting with the Chinese leader.
Trump’s visit to key US ally South Korea is the third leg of an Asia tour that has seen him lavished with praise and presents at a regional summit in Malaysia and by Japan’s new premier in Tokyo. However, the eyes of the world — and of global markets — will be on the talks set for Thursday, marking the first time in six years Trump sits down with Xi. It could determine whether the United States and China can halt a trade war that has sent international supply chains into panic.
Negotiators from Beijing and Washington have both confirmed a “framework” has been agreed. It is now up to Trump and Xi to nail it down during their meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the South Korean city of Gyeongju. William Yang, an analyst at the International Crisis Group, expressed that there appeared to be a “mismatch” in expectations. The United States “is eager to reach any trade deal that Trump could declare as a victory,” while China is focused on “building more mutual trust, managing longstanding differences, and steadying the bilateral trade relationship,” he added.
Trump’s trip to South Korea follows two days in Japan, where new conservative premier Sanae Takaichi hailed a “golden age” in bilateral ties. Takaichi heaped praise on Trump, saying she would nominate him for the Nobel Peace Prize and giving him a golf club owned by assassinated former premier Shinzo Abe, a close friend of the US president. In Korea, Trump was expected to receive a replica of a gold crown from the ancient Silla era.
Just hours before Trump’s arrival, North Korea announced it had test-launched sea-to-surface cruise missiles off its western coast in a show of strength against Pyongyang’s “enemies.” Trump has extended an invitation to North Korean leader Kim Jong Un to meet while he is on the peninsula, but on Air Force One, Trump stated his focus was on the Xi meeting. “At some point, we’ll be involved with North Korea. I think they’d like to, and I’d like to,” Trump told reporters.
The US president will also hold a summit with South Korean President Lee Jae Myung — their second in-person talks just two months after a meeting in Washington. Discussion will likely be focused on trade. In July, Trump stated that Washington had agreed to cut tariffs on South Korean imports to 15 percent in exchange for a $350 billion investment pledge by Seoul. Steep auto tariffs remain in place, and the two governments are still divided over the structure of the investment pledge. US Treasury Secretary Scott Bessent admitted Monday there was still “a lot of details to work out” in what he described as a “complicated” deal, while Trump has denied that there was a “snag” in the talks.
Activists plan to welcome the US leader, whose sweeping tariffs triggered the trade war, with anti-Trump demonstrations in Gyeongju, condemning his “predatory investment demands.”
Adding to the diplomatic drama, Trump has said that he would “love to meet” North Korea’s Kim during his visit and even suggested sanctions could be a topic for conversation. They last met in 2019 at the Demilitarised Zone (DMZ), the fraught Cold War frontier that has separated North and South Korea for decades. However, North Korea is yet to respond publicly to the invitation. Officials in Seoul appear divided as to whether it will go ahead. Kim said last month he had “fond memories” of his meetings with Trump and expressed openness to talks if the United States dropped its “delusional” demand that Pyongyang give up its nuclear weapons.
“Trump’s made it clear he wants to meet,” Chad O’Carroll, founder of the specialist website NK News, told AFP. “The ball is in Kim Jong Un’s court.” However, the US leader now faces a different Kim than in 2019 — one emboldened with crucial backing from Russia after sending thousands of North Korean troops to fight alongside Moscow’s forces. “North Korea has time on its side and isn’t as isolated as before,” said Hong Min, a senior analyst at the Korea Institute for National Unification.
© 2024 AFP
