WASHINGTON (AP) — President Donald Trump He said on Monday that the United States has “tremendous respect” from the Chinese government and would reach a “great agreement” with Chinese President Xi Jinping. The two leaders will meet soon.
Trump’s comments come after the Chinese government infuriated him. Expanding export regulations for rare earth products Used in smartphones, fighter jets, electric cars, etc. Mr. Trump spoke as the moderator. Australian Prime Minister Anthony Albanese attended the White Houseis celebrating the agreement with U.S. allies as a potential counterweight to China’s near-monopoly in processing these critical minerals.
“Ultimately, we’re going to have a great deal with China,” Trump said. “It’s going to be a great trade deal. It’s going to be great for both countries and for the whole world.”
When asked about Chinese influencePresident Trump said the Chinese government “threatened us with rare earths and threatened me with tariffs.” But he insisted that a good relationship with Mr Xi meant they would achieve a “very fair deal”.
All eyes are on the possibility of a meeting between President Trump and Xi Jinping, as the risk of destabilizing the situation increases unless some kind of agreement is reached. The relationship between the two superpowers but also world economy.
President Trump has confirmed that he plans to meet with Chinese President Xi Jinping this month. Asia-Pacific Economic Cooperation Summit, a compilation of 21 economic regions. Although the Chinese government has not announced plans for Xi to visit South Korea, it is not unusual for such details to emerge as the travel date approaches.
President Trump touts tariffs as a powerful tool
with china
The president is threatened to impose new 100% tariffs to China in response to the Chinese government’s expanding regulations on rare earth products. And on Monday, he said the results were already in.
“Right now, they’re treating us with great respect,” Trump said. “Now, we’ll see what happens. I said if we don’t come to an agreement, we’ll put an additional 100% on it on November 1st. I think we’ll come to an agreement.”
Since returning to the White House, President Trump has imposed an additional 30% Flat tariff on China. President Trump said the total tariffs on Chinese goods are about 55% to 57%, and that China is paying the United States “hundreds of billions of dollars worth of tariffs.”
However, Beijing hinted that he was going to play hardball.
In response to President Trump’s threat of new tariffs, Chinese Foreign Ministry Spokesman Lin Jian said last week that “threat of high tariffs is not the right way to deal with China.”
In his meeting with the Albanons, President Trump said there are other options for China: “They can’t get parts for their planes. We’re building their planes.”
Still, he said he would prefer to reach an agreement. “I want to be kind to China. I love my relationship with President Xi,” Trump said.
President Trump isn’t worried about China attacking Taiwan
President Trump also dismissed concerns that Beijing could soon attack the self-governing island of Taiwan. This is because the United States is far superior in terms of military power.
“It’s not even close,” Trump said. “We have the best equipment. We have the best of everything, and no one is going to mess with it.”
Under its own law, the United States is obligated to provide military aid to Taiwan, which separated from China in 1949 during a civil war. The Chinese government claims sovereignty over the island and has vowed to seize it by force if necessary to achieve what it calls “the reunification of the motherland.”
President Trump acknowledged that Taiwan is Xi’s “enemy” but said, “I don’t think there’s anything going on. We have a very good trade relationship.”
Asked if he could bow to pressure from Beijing not to support Taiwanese independence in exchange for a deal, Trump said: “Well, I’m not going to talk about that.”
Chinese government fires top trade negotiator
Meanwhile, Li Chengang was ousted as China’s top trade negotiator after co-leading the past four negotiations with the United States. In a routine bullet-style dismissal and appointment announcement, the Chinese government announced on Monday that Li had been removed from his post as China’s permanent representative to the World Trade Organization. No reason was given.
He was replaced by Deputy International Trade Representative Li Yongjie, who recently held trade talks with Ecuador.
The announcement coincided with Treasury Secretary Scott Bessent’s recent criticism of Lee Sung-gang. Mr. Bessent made an unusual public statement of his displeasure at a press conference last week, saying that Mr. Lee “came here on August 28th spouting very inflammatory language,” had “misbehaved” and was “very disrespectful.”
“He showed up uninvited in Washington and said China would cause global chaos if the port shipping toll was passed,” Bessent said, referring to the U.S. toll plan. Port usage fees for China-related ships.
Late last week, Chinese Vice Premier He Lifeng had a video call with Bessent and U.S. Trade Representative Jamieson Greer. According to China’s official Xinhua News Agency, the two sides held a “frank, in-depth and constructive exchange of views” and agreed to hold new trade talks as soon as possible.
Bessent said last week that he was likely to meet with his Chinese counterpart in Malaysia soon to prepare for the summit.
