Latest news with #APEC
New York Post
15 hours ago
- Business
- New York Post
Trump confirms possible China trip, but insists ‘not seeking' Xi summit
President Trump has revealed that he may jet over to China in the near future, but rebuffed suggestions that he is seeking a summit with Beijing counterpart Xi Jinping amid intense trade negotiations between the two economic superpowers. 'The Fake News is reporting that I am SEEKING a 'Summit' with President Xi of China. This is not correct, I am not SEEKING anything!' Trump wrote on Truth Social late Monday from Scotland, where he wrapped up a five-day visit Tuesday. 'I may go to China, but it would only be at the invitation of President Xi, which has been extended. Otherwise, no interest! Thank you for your attention to this matter.' Staffers for Trump and Xi have held discussions about setting up a meeting between the two leaders, potentially on the sidelines of the annual Asia-Pacific Economic Cooperation (APEC) meeting in South Korea, which takes place Oct. 30-Nov. 1, Reuters reported last week. It is unclear whether any discussions of Trump traveling to China directly have been broached. 3 President Trump confirmed ongoing talks with China about him meeting with leader Xi Jinping. Xinhua News Agency via Getty Images 3 President Trump and Chinese leader Xi Jinping's last in-person meeting took place in 2019. XinhuaTrump and Xi last met face-to-face in June 2019 on the sidelines of the G-20 summit in Osaka, Japan. The US and China have until Aug. 12 to reach a full-fledged trade agreement following a months-long truce that has seen duties temporarily come down from up to 145% on Chinese exports to the US and 125% on American goods. Negotiators from Washington and Beijing are holding a third round of talks this week in Stockholm. 'We have a good relationship with China,' Trump told reporters Monday at his Turnberry club on the west coast of Scotland. 'China's tough.' In 2024, China was the third-largest US trading partner among individual nations — behind only Mexico and Canada — with trade between the two nations amounting to $582.4 billion. Further complicating negotiations is Trump's looming threat to impose secondary tariffs of 100% against countries that trade with Moscow until the Kremlin ends its invasion of Ukraine and agrees a peace deal. China and India, in particular, have continued to purchase energy from Russia throughout the 41-month-old war on Ukraine. China has also been accused of providing Moscow's arms industry with critical supplies. 3 The Trump administration is currently involved in trade negotiations with China. Getty Images Beyond trade tensions, US officials have repeatedly warned about Chinese cyber attacks, such as the Salt Typhoon operation that breached American telecommunications systems. On Monday, the Financial Times reported that the Trump administration blocked Taiwanese President Lai Ching-te from stopping in New York City during a planned diplomatic visit to Central America later this year. China has long claimed sovereignty over the island state of Taiwan, which has its own currency, military and government. The US adheres to the One China Policy on paper, which acknowledges Beijing's claim, but takes no position on it.
Korea Herald
a day ago
- Business
- Korea Herald
Peru marks Independence Day, highlights defense and APEC ties with Korea
Peruvian Ambassador Paul Duclos highlighted Peru's ties with South Korea in the field of defense and underscored the roles the two countries could play as members of the Asia-Pacific Economic Cooperation forum as officials in Seoul marked the Latin American country's 204th Independence Day on Tuesday. Peru's Independence Day, which falls on July 28, commemorates the country's declaration of independence from Spain in 1821, after nearly 300 years of colonial rule that began in 1532. Speaking at the event, Duclos said that Peru-Korea ties are particularly strengthened by expanding defense and security cooperation, highlighting 'agreements for the modernization of a shipyard at the port of Callao, the co-production of naval vessels and armored vehicles, and Peru's integration into the value chain for the manufacturing of military aircraft — sectors with high development potential in the years to come.' Duclos cited the signing of the Korea-Peru Free Trade Agreement in 2011 and the establishment of a comprehensive strategic partnership in 2012 as the solid foundation upon which the bilateral relationship continues to deepen. Korea is currently Peru's fifth-largest export market, he noted. Duclos also mentioned Peru's recent term as chair of APEC, noting the smooth transfer of the APEC chairmanship from Peru to Korea during the 2024 APEC Leaders' Summit in Lima. He highlighted Peru's key achievement in restoring consensus among APEC's 21 member economies, resulting in over 20 agreements, including a notable roadmap to support micro-, small and medium-sized enterprises in transitioning to a formal and integrated economy. The envoy reaffirmed Peru's strong support for Korea's 2025 APEC chairmanship, expressing commitment to Korea's priorities and saying he looked forward to President Dina Boluarte attending the summit in Gyeongju this October. Meanwhile, Kim Hee-sang, vice minister for economic affairs at South Korea's Foreign Ministry, reaffirmed Korea's commitment to Peru, emphasizing the over-80-percent growth in bilateral trade since 2010 and noting Peru's three-time designation as a priority official development assistance partner. Kim also underlined close collaboration through APEC, expressing hope for deeper cooperation during Korea's APEC chairmanship in Gyeongju this October, under the theme 'Connectivity, Innovation, and Prosperity.' sanjaykumar@
Hindustan Times
a day ago
- Business
- Hindustan Times
'I may go to China, but…': Donald Trump over meeting with Xi Jinping
US President Donald Trump on Tuesday clarified that he is not pursuing a summit with Chinese President Xi Jinping, but left the door open for a possible visit to China — provided it is at Beijing's request. US President Donald Trump hints at meeting China's President Xi Jinping, visiting Beijing(Reuters) 'I may go to China, but it would only be at the invitation of President Xi Jinping, which has been extended. Otherwise, no interest!,' Trump wrote on Truth Social. The statement by the US President comes when, last week too, he said he was considering the visit following an official invitation. "President Xi has invited me to China, and we'll probably be doing that in the not-too-distant future," Trump told reporters in the White House's Oval Office, reported Reuters. 'A little bit out, but not too distant. And I've been invited by a lot of people, and we'll make those decisions pretty soon,' he added. According to a Reuters report citing two people familiar with the planning, aides from both the Washington and Beijing have held early discussions about a potential meeting between the two leaders. The meeting could take place during Trump's upcoming trip to Asia later this year. While plans remain unfinalized, discussions have included a possible Trump stopover during the Asia-Pacific Economic Cooperation (APEC) summit in South Korea, scheduled from October 30 to November 1, or separate talks on the sidelines of that event. Trump, Jinping and Putin meet Another option reportedly under consideration is Trump attending a September 3 ceremony in Beijing commemorating the 80th anniversary of the end of World War Two, an event Russian President Vladimir Putin also plans to attend, reported the news agency. If held, the meetings with Xi or Putin would mark the first in-person encounters between Trump and the two leaders since his second-term inauguration on January 20. Both the White House and China's foreign affairs ministry have declined to comment on the Reuters report. Meanwhile, there's continued uncertainty over US-China relations on the trade agreement front. On Sunday, Trump said his administration was nearing a trade agreement with Beijing, though he stopped short of offering specifics. "We're very close to a deal with China. We really sort of made a deal with China, but we'll see how that goes," Trump said during a meeting with European commission president Ursula von der Leyen in Scotland.
Arab News
a day ago
- Business
- Arab News
Trump says he is not seeking summit with Xi, but may visit China
US President Donald Trump said on Tuesday that he was not seeking a summit with Chinese President Xi Jinping, but added that he may visit China at Xi's invitation, which Trump said had been extended. 'I may go to China, but it would only be at the invitation of President Xi, which has been extended. Otherwise, no interest!,' Trump said on Truth Social. Aides to Trump and Xi have discussed a potential meeting between the leaders during a trip by the US president to Asia later this year, sources previously said. A trip would be the first face-to-face encounter between the men since Trump's second term in office, at a time when trade and security tensions between the two superpower rivals remain elevated. While plans for a meeting have not been finalized, discussions on both sides of the Pacific have included a possible Trump stopover around the time of the Asia-Pacific Economic Cooperation summit in South Korea or talks on the sidelines of the October 30-November 1 event, the people said. The third round of US-China trade talks taking place in Stockholm this week may lay the groundwork ahead of a leaders' summit in the autumn, analysts say. A new flare-up of tariffs and export controls would likely impact any plans for a meeting with Xi.
Al Arabiya
a day ago
- Business
- Al Arabiya
Trump says he is not seeking summit with Xi, but may visit China
US President Donald Trump said on Tuesday that he was not seeking a summit with Chinese President Xi Jinping, but added that he may visit China at Xi's invitation, which Trump said had been extended. 'I may go to China, but it would only be at the invitation of President Xi, which has been extended. Otherwise, no interest!,' Trump said on Truth Social. Aides to Trump and Xi have discussed a potential meeting between the leaders during a trip by the US president to Asia later this year, sources previously told Reuters. A trip would be the first face-to-face encounter between the men since Trump's second term in office, at a time when trade and security tensions between the two superpower rivals remain elevated. While plans for a meeting have not been finalized, discussions on both sides of the Pacific have included a possible Trump stopover around the time of the Asia-Pacific Economic Cooperation summit in South Korea or talks on the sidelines of the October 30-November 1 event, the people said. The third round of US-China trade talks taking place in Stockholm this week may lay the groundwork ahead of a leaders' summit in the autumn, analysts say. A new flare-up of tariffs and export controls would likely impact any plans for a meeting with Xi.
