Donald Trump Announces Plan to Seal a Trade Deal with Xi Jinping

The meeting between the two leaders is expected to take place at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea.

Stocks continue to climb as China and the USA agree on trade.

Quick overview

  • Former U.S. President Donald Trump plans to seal a trade agreement with Chinese President Xi Jinping later this month in South Korea.
  • Trump expressed confidence in reaching a 'strong and mutually beneficial' deal amid ongoing tariff disputes between the U.S. and China.
  • The upcoming meeting at the APEC summit will be the first face-to-face encounter between Trump and Xi since Trump's second term began.
  • In financial markets, Wall Street and major stock indexes in Asia and Europe are experiencing significant gains, reflecting investor optimism.

Former U.S. President Donald Trump announced that he intends to seal a trade agreement with Chinese President Xi Jinping later this month in South Korea, and confirmed that he will travel to China early next year.


Trump said that discussions with his Chinese counterpart are “more or less planned” and expressed confidence in reaching a “strong and mutually beneficial” deal between the two global powers.

During a White House reception for Australian Prime Minister Anthony Albanese, Trump stated that his goal is to “close a fair trade agreement with Beijing,” adding that bilateral relations could stabilize after months of tensions over tariffs and technology restrictions.

The announcement comes in the context of an ongoing tariff dispute between Washington and Beijing that has fueled uncertainty in global markets. Trump, however, downplayed the conflict and voiced optimism about the negotiations.

The meeting between the two leaders is expected to take place at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea. It will be the first face-to-face encounter between Trump and Xi since the start of Trump’s second term and is expected to focus on setting new rules for technology transfer and market access.

Markets Today – Good News

Wall Street’s main indexes are rallying sharply on Monday as investors look to move past concerns related to regional banks and artificial intelligence. A similar trend is visible across the major stock markets in Asia and Europe, where gains are widespread.

In Europe, the Euro Stoxx 50 gained 1.35% and is nearing its all-time high reached on October 8. Locally, Germany’s DAX rose 1.95% and France’s CAC 40 added 0.39%. Outside the eurozone, the UK’s FTSE 100 climbed 0.52%.

DAX

In Asia, Hong Kong’s Hang Seng surged 2.42%, while the Shanghai Composite advanced 0.63% after data showed China’s economic activity grew 1.1% year-over-year in the third quarter—above expectations—along with industrial production, which rose 6.5% year-over-year.

ABOUT THE AUTHOR See More
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

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