Trump to meet Xi Jinping at APEC summit amid rising trade tensions

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President Donald Trump is heading off to Asia Friday evening, not long after North Korea fired off a ballistic missile for the first time in months and as questions loom regarding trade negotiations with China.

The White House confirmed that Trump will meet with Chinese President Xi Jinping Thursday during the Asia-Pacific Economic Cooperation (APEC) Summit.

The meeting comes amid escalated tensions between the two countries on trade after Beijing announced Oct. 9 it would impose export controls on rare-earth magnets, which are used in a host of products ranging from electric cars to F-35 fighter jets. In response, Trump announced the U.S. would impose a new 100% tariff on all Chinese goods, which is slated to take effect Nov. 1.

Even so, Trump sought to diffuse tensions and has routinely touted his relationship with Xi in recent weeks. Additionally, he has voiced confidence both parties will walk away from the summit pleased and that a deal will be made.

TRUMP THREATENS ‘MASSIVE’ CHINA TARIFFS, SEES ‘NO REASON’ TO MEET WITH XI

trump and xi

The White House confirmed that President Donald Trump will meet with Chinese President Xi Jinping Thursday during the Asia-Pacific Economic Cooperation Summit. (Jonathan Ernst/Reuters)

“I think we are going to come out very well, and everyone’s going to be very happy,” Trump said Thursday.

The summit between Trump and Xi will mark the first time they’ve met in person since Trump took office in January. The two previously met in person in June 2019 in Japan.

Trump’s meeting with Xi will come on the tail end of a larger trip to the region. Trump is first headed to Malaysia to meet with Malaysian Prime Minister Anwar Ibrahim Sunday afternoon before participating in the Association of Southeast Asian Nations (ASEAN) dinner in the evening.

NORTH KOREA LAUNCHES BALLISTIC MISSILES DAYS BEFORE TRUMP’S VISIT TO THE PENINSULA

Xi Jinping

Xi Jinping, China’s president, during a news conference with Luiz Inácio Lula da Silva, Brazil’s president, not pictured, at the Alvorada Palace in Brasilia, Brazil Nov. 20, 2024.  (Ton Molina/Bloomberg via Getty Images)

While in Malaysia, he will also meet with Cambodian Prime Minister Hun Manet and Thai Prime Minister Anutin Charnvirakul.

Trump will then head to Tokyo Monday and is slated to meet on Tuesday with Japanese Prime Minister Sanae Takaichi, who was just elected earlier in October. Takaichi is the first woman to serve as the prime minister of Japan.

Trump will then close out his trip heading to South Korea, where he will meet with the South Korean President Lee Jae Myung and will deliver keynote remarks at the APEC CEO lunch.

TRUMP ANNOUNCES MEETING WITH XI JINPING AT SOUTH KOREA APEC SUMMIT SCHEDULED FOR NEXT MONTH

Trump with Xi in Beijing

President Donald Trump, right, and Xi Jinping, China’s president, greet attendees waving American and Chinese national flags during a welcome ceremony outside the Great Hall of the People in Beijing, China, Nov. 9, 2017.  (Qilai Shen/Bloomberg via Getty Images)

Trump is scheduled to return to Washington Thursday.

Meanwhile, North Korea has upped its aggression in recent days, firing off multiple short-range ballistic missiles Wednesday, the first one Pyongyang has launched since May. Meanwhile, North Korean Leader Kim Jong Un showed off a new intercontinental ballistic missile at a military parade in front of Chinese, Russian and other top officials Oct. 10.

“We are aware of the DPRK’s multiple ballistic missile launches and are consulting closely with the Republic of Korea and Japan, as well as other regional allies and partners,” U.S. Indo-Pacific Command (INDOPACOM) said in a statement on Wednesday.

“The United States condemns these actions and calls on the DPRK to refrain from further unlawful and destabilizing acts,” INDOPACOM said. “While we have assessed that this event does not pose an immediate threat to U.S. personnel, or territory or to our allies, we continue to monitor the situation.”

The Associated Press contributed to this report.

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