US President Donald Trump on Wednesday expressed optimism about achieving a new trade deal with Chinese President Xi Jinping during their upcoming meeting, signalling a possible thaw in economic tensions between the two global powers.
Addressing the APEC CEO Summit in Gyeongju, Trump said stable partnerships, rather than conflict, were essential for global prosperity. “President Xi of China is coming tomorrow, and I hope we’ll be making a deal. I think it’ll be a great deal for both sides,” he stated.
Focus on Trade Stability and AI Chip Exports
Trump is expected to discuss trade imbalances, tariffs, and restrictions on the sale of advanced Nvidia AI chips to China. “We may be talking about that with President Xi,” Trump said, describing Nvidia’s Blackwell as a “super-duper chip.”
Washington has imposed export controls on high-end AI chips, citing concerns over potential military use by Beijing. Despite these restrictions, Chinese developers continue to seek Nvidia’s technology due to limited domestic alternatives.
China Responds with Diplomatic Optimism
A spokesperson for China’s Ministry of Foreign Affairs confirmed that both leaders would engage in “in-depth exchanges on strategic and long-term issues” in Busan, aimed at strengthening bilateral relations.
“China stands ready to work with the US to achieve positive outcomes and provide new guidance for the steady development of China-US relations,” the spokesperson said.
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Broader Diplomatic Context
Trump’s meeting comes as Canadian Prime Minister Mark Carney, also attending the APEC summit, seeks to diversify Canada’s trade ties beyond the US. Carney will meet Xi Jinping later this week amid efforts to deepen cooperation in Asia.
The Trump–Xi dialogue is expected to address long-standing trade tensions and potentially pave the way for renewed economic cooperation between the world’s two largest economies.
