Trump "Will meet Xi Jinping within two weeks…100%% tariffs are unsustainable"
Summary
- U.S. President Donald Trump said he plans to hold a summit with Chinese President Xi Jinping within two weeks.
- Trump said the 100% tariffs imposed on China are unsustainable and emphasized the need for a fair agreement.
- Trump mentioned the possibility of additional countries, such as Saudi Arabia, joining the Abraham Accords.
U.S. President Donald Trump said he will soon meet Chinese President Xi Jinping.
On the 17th (local time), according to Reuters and others, President Trump said in a Fox Business interview published that day regarding whether a U.S.-China summit would be held, "I will meet Chairman Xi within two weeks."
Trump and Chairman Xi are reported to be likely to make successive state visits to South Korea on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju at the end of this month.
President Trump said of his relationship with Chairman Xi, "I get along very well with him," and added, "I think things will work out well with China. However, a fair agreement is necessary."
After China recently tightened controls on rare earth exports, on the 10th Trump warned he would impose an additional 100% tariff on China starting from the 1st of next month. He also mentioned he might cancel the scheduled meeting with Chairman Xi planned on the sidelines of the APEC summit.
In the interview, Trump said of the 100% tariffs imposed on China, "That is unsustainable," but also said, "But that's the number. They (China) made me do that."
Meanwhile, in this interview Trump also said that the 'Abraham Accords,' which normalize diplomatic relations between Arab countries and Israel, will soon be expanded, and he expects Saudi Arabia to participate in the accord.
Regarding the Abraham Accords, Trump said, "I hope Saudi participates, and I hope other countries participate. If Saudi enters (the accord), I think everyone will enter."
The Abraham Accords are a series of agreements brokered by the United States during Trump's first term in 2020–2021 in which four countries—the United Arab Emirates (UAE), Bahrain, Morocco, and Sudan—agreed to establish diplomatic relations with Israel.
The second Trump administration has sought to bring additional Middle Eastern countries, including Saudi Arabia, Syria, and Lebanon, into the Abraham Accords.
Lee Bo-bae, guest reporter, Hankyung.com newsinfo@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
