In a surprising development, former U.S. President Donald Trump has suggested a potential trade deal with China ahead of the Asia-Pacific Economic Cooperation (APEC) summit, where he may meet Chinese President Xi Jinping. His remarks, made in a viral video, have reignited hopes for improved economic relations between the two nations.
Trump’s Trade Deal Prediction
In the video, Trump expressed confidence in reaching a “major deal” with China, stating, “We’re very close to something historic. China wants it, the U.S. needs it, and it’s going to happen sooner than people think.” Though details remain scarce, his comments hint at a possible revival of stalled negotiations, previously derailed by tariffs, geopolitical friction, and pandemic fallout.
Trump, known for his tough trade policies as president, had imposed significant tariffs on Chinese imports, sparking a multi-year trade war. His latest remarks suggest a potential shift in approach, possibly to alleviate economic strain on both countries.
Why the APEC Summit Matters
The upcoming APEC summit is seen as a pivotal moment for U.S.-China diplomacy. With lingering supply chain disruptions and global inflation, a trade agreement could bring much-needed stability.
Analysts speculate Trump’s comments may also be politically strategic ahead of the 2024 U.S. elections, where trade policy will be a key issue. His openness to dialogue with Xi contrasts with past confrontational rhetoric.
China’s Cautious Reaction
Chinese officials have not publicly responded, but state media cautiously acknowledged the possibility of renewed talks. An unnamed Chinese trade representative told Reuters, “Both sides stand to gain from a fair and balanced agreement.”
President Xi Jinping has also stressed economic cooperation in recent speeches, signaling Beijing’s willingness to negotiate. However, key disputes—such as technology transfers, intellectual property, and market access—remain sticking points.
Market Impact and Global Consequences
Trump’s statement briefly lifted Asian stocks as investors bet on reduced trade barriers. The U.S. dollar and Chinese yuan also edged higher, reflecting cautious optimism.
A deal could have broader implications, potentially easing tensions in tech competition, climate collaboration, and regional flashpoints like Taiwan and the South China Sea.
Skepticism and Challenges
Despite the optimism, experts warn that past “breakthroughs” have often collapsed. Domestic opposition in both countries could also hinder progress.
“Until we see signed agreements, it’s wise to temper expectations,” said Priya Menon, a senior economist at the Global Trade Institute.
What to Watch Next
The APEC summit will be a key test for Trump and Xi’s ability to negotiate. Will this lead to a real agreement, or is it another temporary thaw in a fraught relationship?
As the summit nears, the world awaits clarity on whether Trump’s prediction will materialize—or fade as another headline in the volatile U.S.-China dynamic.
Stay updated on this developing story with NextMinuteNews.
