The China Mail - Trump expects 'great meeting' with Xi

USD -
AED 3.67315
AFN 63.489175
ALL 82.69704
AMD 376.959684
ANG 1.790083
AOA 916.999606
ARS 1386.432052
AUD 1.447765
AWG 1.8
AZN 1.70124
BAM 1.699144
BBD 2.014422
BDT 122.722731
BGN 1.709309
BHD 0.377571
BIF 2966
BMD 1
BND 1.288204
BOB 6.911051
BRL 5.158904
BSD 1.00013
BTN 93.154671
BWP 13.721325
BYN 2.963529
BYR 19600
BZD 2.011459
CAD 1.39175
CDF 2295.999444
CHF 0.799013
CLF 0.023232
CLP 917.309786
CNY 6.885598
CNH 6.889825
COP 3657.03
CRC 465.397112
CUC 1
CUP 26.5
CVE 95.875003
CZK 21.239196
DJF 177.71947
DKK 6.477255
DOP 60.724997
DZD 133.048166
EGP 54.242753
ERN 15
ETB 156.999837
EUR 0.86677
FJD 2.257498
FKP 0.750158
GBP 0.756065
GEL 2.689833
GGP 0.750158
GHS 11.025012
GIP 0.750158
GMD 73.99986
GNF 8775.000038
GTQ 7.651242
GYD 209.312427
HKD 7.837595
HNL 26.619612
HRK 6.529399
HTG 131.271448
HUF 333.030392
IDR 16981
ILS 3.125465
IMP 0.750158
INR 92.97635
IQD 1310
IRR 1319125.00041
ISK 125.160077
JEP 0.750158
JMD 157.682116
JOD 0.708993
JPY 159.639006
KES 130.097237
KGS 87.4488
KHR 4012.999676
KMF 426.999943
KPW 899.994443
KRW 1510.329848
KWD 0.30936
KYD 0.833496
KZT 473.939125
LAK 21949.999977
LBP 89549.999694
LKR 315.52795
LRD 183.803222
LSL 16.820275
LTL 2.95274
LVL 0.60489
LYD 6.390205
MAD 9.325025
MDL 17.597769
MGA 4175.000359
MKD 53.387548
MMK 2099.621061
MNT 3572.314592
MOP 8.074419
MRU 40.130541
MUR 46.809687
MVR 15.450086
MWK 1737.00028
MXN 17.856305
MYR 4.038976
MZN 63.959782
NAD 16.820107
NGN 1380.559956
NIO 36.709753
NOK 9.733135
NPR 149.047474
NZD 1.74815
OMR 0.384499
PAB 1.000126
PEN 3.4525
PGK 4.311496
PHP 60.471018
PKR 279.099135
PLN 3.705775
PYG 6469.6045
QAR 3.644502
RON 4.418402
RSD 101.768209
RUB 80.197619
RWF 1460
SAR 3.754138
SBD 8.048583
SCR 14.189131
SDG 600.999817
SEK 9.42264
SGD 1.285445
SHP 0.750259
SLE 24.60141
SLL 20969.510825
SOS 571.496929
SRD 37.350956
STD 20697.981008
STN 21.5
SVC 8.75114
SYP 110.548921
SZL 16.801602
THB 32.630991
TJS 9.585632
TMT 3.5
TND 2.91425
TOP 2.40776
TRY 44.485499
TTD 6.78508
TWD 31.924994
TZS 2599.999736
UAH 43.803484
UGX 3752.226228
UYU 40.501271
UZS 12154.99979
VES 473.325199
VND 26336
VUV 120.132513
WST 2.770875
XAF 569.874593
XAG 0.013772
XAU 0.000215
XCD 2.70255
XCG 1.80252
XDR 0.703479
XOF 564.499459
XPF 103.300644
YER 238.624988
ZAR 16.93287
ZMK 9001.19884
ZMW 19.327487
ZWL 321.999592
  • CMSD

    0.0650

    22.215

    +0.29%

  • NGG

    0.9000

    87.74

    +1.03%

  • RIO

    -0.5000

    94.31

    -0.53%

  • RELX

    0.3100

    33.54

    +0.92%

  • BCE

    -0.9050

    24.475

    -3.7%

  • JRI

    0.0400

    12.56

    +0.32%

  • RYCEF

    0.0300

    15.12

    +0.2%

  • RBGPF

    -13.5000

    69

    -19.57%

  • BCC

    -1.6750

    73.405

    -2.28%

  • GSK

    0.6050

    56.595

    +1.07%

  • CMSC

    0.0700

    22.06

    +0.32%

  • BTI

    0.4350

    58.325

    +0.75%

  • BP

    0.7850

    46.955

    +1.67%

  • AZN

    2.0750

    202.805

    +1.02%

  • VOD

    0.0850

    15.215

    +0.56%

Trump expects 'great meeting' with Xi

Trump expects 'great meeting' with Xi

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 dialling down their hugely damaging trade war.

Text size:

The US leader said he expected their first face-to-face meeting of his second term scheduled on Thursday 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, saying he is "optimistic".

"We have been talking to them, we're not just walking into the meeting cold... I think we're going to have a very good outcome for our country and for the world actually," he said on Air Force One.

He also said 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.

But the eyes of the world -- and of global markets -- will be on the talks set for Thursday, 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 where Trump arrived Wednesday.

William Yang, an analyst at the International Crisis Group, said however 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.

- 'Complicated' -

In Japan, 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 disembarked at Busan and was greeted by a South Korean military band playing "YMCA" and a 21-gun salute before boarding a helicopter bound for the APEC gathering.

President Lee Jae Myung Lee will confer upon Trump South Korea’s highest order of merit and a replica of a golden crown from the ancient Silla era, his office said.

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 said 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 Lee -- their second in-person talks just two months after a meeting in Washington.

In July, Trump said 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 said was 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".

- DMZ meeting? -

Trump and Kim last met in 2019 at the Demilitarised Zone (DMZ), the fraught Cold War frontier that has separated North and South Korea for decades.

Since 2019, Kim has been 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.

burs-stu/tc

F.Brown--ThChM