In an extended address on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit on Wednesday, former U.S. President Donald Trump said that the anticipated trade deal with China would benefit both countries. He added that he expected to “seal a great deal” with Chinese President Xi Jinping during their upcoming high-stakes meeting, Al Jazeera reported.
Trump is scheduled to meet Xi on Thursday in the coastal city of Busan, about 85 kilometers south of Gyeongju, marking their first face-to-face encounter since Trump launched his second trade war with China.
"Bringing back Trillions of Dollars to USA! A great trip. Dealing with very smart, talented, and wonderful Leaders. Tomorrow, President Xi of China. It will be a great meeting for both!!!" – President Donald J. Trump pic.twitter.com/r5xEBHi0gc
— The White House (@WhiteHouse) October 29, 2025
Currently in the final leg of his six-day visit to Asia, Trump last met Xi in 2019, on the sidelines of the G20 Summit in Osaka, Japan. Having arrived in South Korea after stops in Japan and Malaysia, he did not share specific details about the anticipated agreement.
However, speaking aboard Air Force One earlier on Wednesday, Trump said he expected the agreement to solve “a lot of problems” and include lower tariffs on Chinese goods in exchange for Beijing taking steps to curb the production of fentanyl.
Trump has imposed a 20% tariff on Chinese goods over what he claims is Beijing’s failure to crack down on the flow of chemicals used in manufacturing the deadly opioid, according to Al Jazeera.
U.S. officials have previously indicated that the deal is likely to include the deferral of China’s planned export controls on rare earth minerals, a rollback of the additional 100% U.S. tariff on Chinese goods, and a commitment by Beijing to purchase more American agricultural products.
China’s Ministry of Foreign Affairs on Wednesday confirmed that President Xi Jinping will meet with former U.S. President Donald Trump, though it did not make any specific mention of a potential deal, according to Al Jazeera.
“At this meeting, the two leaders will have in-depth communication on strategic, long-term issues related to China–U.S. relations and major issues of common concern,” spokesperson Guo Jiakun said during a regular media briefing. (With inputs from ANI)
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