Will Trump's Asia Tour Lead to Breakthroughs with Xi and Beyond?
Synopsis
Key Takeaways
- Trump's Asia tour starts in Kuala Lumpur.
- Key focus on trade agreements with China.
- Meeting with Xi Jinping on October 30.
- ASEAN leaders' summit participation.
- Potential peace agreement between Thailand and Cambodia.
New York, Oct 25 (NationPress) US President Donald Trump is set to touch down in Kuala Lumpur this Saturday, marking the beginning of his Asia tour, which will also include stops in South Korea and Japan, all while the trade war escalates.
Anticipation is high for potential trade and investment agreements throughout the region, but the focal point of the tour will undoubtedly be his discussion with China's President Xi Jinping in South Korea. This meeting comes amid a heightened confrontation between the two nations, particularly regarding tariffs, technology, and rare earth materials.
Trump expressed optimism about reaching a favorable agreement, stating on Thursday, "I believe we will emerge from this positively, and everyone will be pleased." Their meeting is scheduled for October 30 during the Asia-Pacific Economic Cooperation (APEC) forum in Gyeongju, a city steeped in history.
The initial phase of Trump's visit will kick off at the ASEAN summit in Kuala Lumpur on Sunday and Monday, where he will join the leaders of its 10 member nations, as well as notable figures such as Luiz Inacio Lula da Silva of Brazil and Cyril Ramaphosa of South Africa.
Trump's delegation will include key figures like Secretary of State Marco Rubio and Treasury Secretary Scott Bessent. Notably, Indian Prime Minister Narendra Modi will join the summit virtually.
With many ASEAN countries grappling with the repercussions of the tariffs imposed by Trump in August, especially Laos and Myanmar, which face a staggering 40% tariff, the atmosphere is tense.
It is expected that Thailand and Cambodia will finalize a peace agreement during Trump's presence, enhancing his image as a peacemaker.
The backdrop of the APEC summit will be filled with the anticipation surrounding the Trump-Xi meeting, with reports suggesting that Trump may skip the leaders' summit in favor of bilateral discussions.
Beijing has issued warnings regarding extensive export controls on rare earth minerals, where it holds a near monopoly, while the US has threatened to impose a 100% tariff, potentially raising the overall tariffs on Chinese goods to a staggering 157%.
Trump is demanding that China lift restrictions on rare earth minerals, commence purchasing soybeans, and halt the flow of fentanyl and its precursor materials.
The success of their summit will hinge on whether Trump and Xi can agree on these pressing trade issues or at least project an image of compromise.
Trump remarked, "Once we conclude our meetings in South Korea, China and I will establish a fair and exceptional trade deal." He is anticipated to leverage meetings with summit attendees for further investments, and he will likely attend an APEC CEOs meeting, although he may miss the leaders' summit.
The summit's theme, "Building a Sustainable Tomorrow: Connect, Innovate, Prosper," may not resonate with Trump, as he finds the term "sustainable" closely linked to climate issues.
There are rumors that South Korea might bestow upon Trump its highest civilian award, the Grand Order of Mugunghwa (Eternal Blossom).
Speculation had arisen regarding a potential meeting with North Korea's leader Kim Jong Un, but that will not materialize on this trip.
Recently, North Korea conducted several ballistic missile tests, the first since May, reaffirming its status as an international outlaw.
Trump's itinerary includes a visit to Japan from Monday to Wednesday, focusing heavily on trade and investment, and will feature a meeting with Emperor Naruhito at the Imperial Palace.