The China Mail - Trump heads for Japan as hopes grow for China trade deal

USD -
AED 3.672502
AFN 63.999576
ALL 80.977186
AMD 362.829809
ANG 1.790365
AOA 918.000184
ARS 1524.997501
AUD 1.43976
AWG 1.8025
AZN 1.69885
BAM 1.722428
BBD 2.015086
BDT 123.012972
BGN 1.683441
BHD 0.376997
BIF 2995
BMD 1
BND 1.277405
BOB 12.040458
BRL 5.181501
BSD 1.000454
BTN 95.892522
BWP 14.09417
BYN 3.010995
BYR 19600
BZD 2.012171
CAD 1.423715
CDF 2309.999986
CHF 0.835405
CLF 0.024646
CLP 973.179852
CNY 6.704751
CNH 6.709685
COP 3314.79
CRC 456.985341
CUC 1
CUP 24.01166
CVE 97.750138
CZK 21.561986
DJF 177.719945
DKK 6.598698
DOP 59.697254
DZD 133.911021
EGP 51.938599
ERN 15
ETB 163.421342
EUR 0.88272
FJD 2.24775
FKP 0.756991
GBP 0.754035
GEL 2.60498
GGP 0.756991
GHS 11.699323
GIP 0.756991
GMD 73.5159
GNF 8798.844552
GTQ 7.643396
GYD 209.328131
HKD 7.84663
HNL 26.859007
HRK 6.650974
HTG 130.939066
HUF 323.646983
IDR 17897.45
ILS 3.07365
IMP 0.756991
INR 95.93015
IQD 1310.606294
IRR 1693792.500038
ISK 120.930408
JEP 0.756991
JMD 158.336929
JOD 0.709025
JPY 157.684016
KES 129.709357
KGS 87.448698
KHR 4057.22564
KMF 435.00025
KPW 900.000318
KRW 1358.609932
KWD 0.30894
KYD 0.833726
KZT 440.074329
LAK 22455.503791
LBP 89592.031739
LKR 330.60617
LRD 171.583824
LSL 16.385613
LTL 2.95274
LVL 0.60489
LYD 6.399
MAD 9.71296
MDL 17.763022
MGA 4394.578552
MKD 54.34255
MMK 2099.600314
MNT 3599.1704
MOP 8.086624
MRU 40.069045
MUR 47.760183
MVR 15.450398
MWK 1734.754084
MXN 18.076375
MYR 4.083989
MZN 63.909674
NAD 16.385685
NGN 1327.250222
NIO 36.821108
NOK 9.626335
NPR 153.428035
NZD 1.77508
OMR 0.384499
PAB 1.000449
PEN 3.44424
PGK 4.528402
PHP 62.740501
PKR 277.158584
PLN 3.85239
PYG 5852.979771
QAR 3.647324
RON 4.6567
RSD 103.766003
RUB 83.375789
RWF 1477.228194
SAR 3.755513
SBD 8.032647
SCR 13.871342
SDG 601.495377
SEK 10.00818
SGD 1.27803
SHP 0.755829
SLE 24.649652
SLL 20969.491881
SOS 571.727998
SRD 37.6215
STD 20697.981008
STN 21.576683
SVC 8.75393
SYP 13002.000254
SZL 16.377071
THB 33.619691
TJS 9.214436
TMT 3.51
TND 2.978703
TOP 2.40776
TRY 49.036597
TTD 6.787408
TWD 31.882899
TZS 2640.003023
UAH 44.690709
UGX 3921.672237
UYU 40.308767
UZS 11835.41907
VES 857.98905
VND 25962
VUV 119.008285
WST 2.76852
XAF 579.026255
XAG 0.016607
XAU 0.000240904065
XCD 2.70255
XCG 1.803098
XDR 0.707052
XOF 579.026255
XPF 105.029547
YER 236.402537
ZAR 16.43561
ZMK 9001.197648
ZMW 19.559579
ZWL 321.999592
SSP 5712.591902
MXV 2.046206
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Trump heads for Japan as hopes grow for China trade deal

Trump heads for Japan as hopes grow for China trade deal

Donald Trump headed to Japan on Monday, the next leg of an Asia tour that could see the US president and China's Xi Jinping end the bruising trade war between the world's largest economies.

Text size:

Speaking on Air Force One, Trump said he was hopeful of a deal when he sees Xi on Thursday in South Korea, while also indicating he was willing to extend his trip in order to meet North Korea's leader Kim Jong Un.

"I have a lot of respect for President Xi and we are going to I think... come away with a deal," he told reporters en route from Malaysia, where comments from US and Chinese trade negotiators raised hopes of an accord.

Trump was due in Tokyo in time for an evening audience with Japan's emperor.

Dozens of people gathered at Haneda Airport hoping to take photos of Air Force One.

On Tuesday, Trump is expected to meet new Prime Minister Sanae Takaichi and make a speech on the USS George Washington.

"I hear phenomenal things. (Takaichi) was a great ally and friend of Shinzo Abe, who was my friend," Trump said, referring to the assassinated former Japanese premier.

"That really helps Japan and the United States, I think she's going to be great."

Takaichi said she told Trump ahead of their meeting that strengthening the Japan-US alliance was her administration's "top priority on the diplomatic and security front".

On Friday, she announced in her first policy speech that Japan would be spending two percent of gross domestic product on defence this fiscal year.

But Washington, which has some 60,000 military personnel in Japan, wants Tokyo to spend even more, potentially matching the five percent of GDP pledged by NATO members in June.

Most Japanese imports into the United States are subject to tariffs of 15 percent, less painful than the 25 percent first threatened.

But Trump also wants Japan to import more American products, including rice and cars, particularly "very beautiful" Ford F-150 pickup trucks.

Questions also surround Japan's commitment in their July trade deal to invest $550 billion in the United States. Japan says only 1-2 percent of this will be actual investments.

- 'Going to be great ' -

Trump's Asia trip, his first tour of the region since returning to office, kicked off in Malaysia on Sunday with a flurry of agreements.

That included rewarding neighbours Cambodia and Thailand with trade agreements after co-signing their ceasefire pact on the sidelines of the Association of Southeast Asian Nations (ASEAN) summit.

He also agreed a trade and minerals deal with Malaysia, and moved to mend fences with Brazilian President Luiz Inacio Lula da Silva.

"I'm convinced that in a few days we'll have a definitive solution.... so that life can continue well and happily," Lula told reporters afterwards.

The greatest prize for Trump remains a China deal.

He is due to meet Xi on Thursday for their first face-to-face talks since the 79-year-old Republican's return to the White House.

Before Trump's arrival in Malaysia, US Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng had already held two days of trade talks, seeking an agreement to avoid additional 100 percent tariffs due to come into effect on November 1.

China's vice commerce minister, Li Chenggang, said a "preliminary consensus" had been reached.

Bessent told ABC that the extra tariffs had been averted, and signalled a deal on rare earths and American soybean exports had been reached.

"It's going to be great for China, great for us," Trump told reporters in Kuala Lumpur.

- 'Would love' to meet Kim -

Trump is due in the southern port city of Busan on Wednesday ahead of the Asia-Pacific Economic Cooperation (APEC) summit, and will meet South Korean President Lee Jae Myung.

Global markets will be watching closely to see if the meeting with Xi on Thursday can halt the trade war sparked by Trump's sweeping tariffs, especially after a recent dispute over Beijing's rare earth curbs.

Trump has also fuelled speculation that he could meet North Korea's Kim while on the Korean peninsula.

The two leaders last met in 2019 at the Demilitarised Zone (DMZ), the border area separating the two Koreas.

"I would love to meet with him if he'd like to meet. I got along great with Kim Jong Un. I liked him. He liked me," Trump said on Air Force One.

Asked if he would extend his trip to enable a meeting, he said: "Well, I hadn't thought of it, but I think the answer would be yeah, I would, I would do that, sure."

L.Johnson--ThChM