President Donald Trump, left, poses for a photo with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan, June 29, 2019. (AP Photo/File) With US President Donald Trump set to meet his Chinese counterpart Xi Jinping in South Korea today, all eyes will be on the two world leaders coming face-to-face after six long years amid escalating tariff tensions between their nations.
Ahead of the meet in Busan, Trump said that he expects to seal a ‘great deal’ with China at his high-stakes meeting with Xi. The expected trade deal would be good for both countries and “something very exciting for everybody”, Trump said while speaking on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit.
Trump’s aggressive use of tariffs ever since his comeback for a second Presidential term in the US against China’s retaliatory limits on the exports of rare earth elements have made the meeting a high-stakes one.
Tensions ratcheted up earlier this month after Beijing proposed expanding curbs on its mineral exports, which are vital for high-tech applications. Trump responded by vowing to impose additional 100% tariffs on Chinese exports.
