Connect with us
  • Loading stock data...

Business

Trump flies to Asia with crunch China talks looming: ‘We have a lot to talk about’

Published

on

President Donald Trump headed for Asia Friday night for the first time this term, a trip where he’s expected to work on investment deals and peace efforts before meeting face-to-face with Chinese President Xi Jinping to try to deescalate a trade war.

“We have a lot to talk about with President Xi, and he has a lot to talk about with us,” Trump told reporters as he left the White House. “I think we’ll have a good meeting.”

The president’s long-haul flight has him arriving in Malaysia on Sunday morning, the first stop of a three-country sprint.

His trip comes as the U.S. government shutdown drags on. Many federal workers are set to miss their first full paycheck this week, there are flight disruptions as already-squeezed air traffic controllers work without pay, and states are confronting the possibility that federal food aid could dry up. As Republicans reject Democratic demands for health care funds, there’s no sign of a break in the impasse, but Trump seems to be continuing on with business as usual, including his foreign trip.

“America is shut down and the President is skipping town,” Senate Democratic leader Chuck Schumer said in a statement Friday night.

Trump’s first stop is at a regional summit in Kuala Lumpur. Trump attended the annual Association of Southeast Asian Nations summit only once during his first term, but this year it comes as Malaysia and the U.S. have been working to address a skirmish between Thailand and Cambodia.

On Sunday, he’s scheduled to have a meeting with Malaysian Prime Minister Anwar Ibrahim, followed by a joint signing ceremony with the prime ministers of Thailand and Cambodia.

Trump threatened earlier this year to withhold trade deals with the countries if they didn’t stop fighting, and his administration has since been working with Malaysia to nail down an expanded ceasefire.

The U.S. leader on Sunday may also have a significant meeting with Brazilian President Luiz Inácio Lula da Silva, who wants to see the U.S. cut a 40% tariff on Brazilian imports. The U.S. administration has justified the tariffs by citing Brazil’s criminal prosecution of former President Jair Bolsonaro — a Trump ally.

Beyond trade, Lula on Friday also criticized the U.S. campaign of military strikes off the South American coast in the name of fighting drug trafficking. He said he planned to raise concerns with Trump at a meeting on Sunday in Malaysia. The White House has not yet publicly confirmed the meeting is set to take place.

Advertisement

After Malaysia, Trump has stops in Japan and South Korea

From there, Trump heads to Japan and South Korea, where he’s expected to make progress on talks for at least $900 billion in investments for U.S. factories and other projects that those countries committed to in return for easing Trump’s planned tariff rates down to 15% from 25%.

The trip to Tokyo comes a week after Japan elected its first female prime minister, Sanae Takaichi. Trump is set to meet with Takaichi, who is a protégé of former Prime Minister Shinzo Abe. Trump was close to Abe, who was assassinated after leaving office.

While there, Trump is expected to be hosted by Japanese Emperor Naruhito, and meet with U.S. troops who are stationed in Japan, according to a senior U.S. official who was not authorized to speak publicly and spoke to reporters on condition of anonymity about the planned trip.

In South Korea, Trump is expected to hold a highly anticipated meeting with China’s Xi on the sidelines of the Asia Pacific Economic Cooperation summit.

While the APEC summit is set to be held in Gyeongju, the Trump-Xi meeting is expected to take place in the city of Busan, according to the U.S. official.

The meeting follows months of volatile moves in a trade war between China and the U.S. that have rattled the global economy.

Trump was infuriated earlier this month after Beijing imposed new export controls on rare earths used in technology and threatened to hike retaliatory tariffs to sky-high levels. He has said he wants China to buy U.S. soybeans. However, earlier this week, Trump was optimistic, predicting he would reach a “fantastic deal” with Xi.

The only meeting that could possibly eclipse the Xi summit would be an impromptu reunion with North Korean leader Kim Jong Un. Speculation has been rife since South Korea’s Unification Minister Chung Dong-young told lawmakers this month it was possible that Trump could again meet with Kim in the Demilitarized Zone, as he did in 2019.

But such a meeting is not on the president’s schedule for this trip, according to the U.S. official.

Source link

Advertisement

Title

This industrial giant is emerging as a big AI play, says Wells Fargo This industrial giant is emerging as a big AI play, says Wells Fargo
News7 months ago

This industrial giant is emerging as a big AI play, says Wells Fargo

  Wells Fargo sees Caterpillar continuing to roar higher, emerging as an artificial intelligence play. The bank initiated shares of...

Novo Nordisk's strategy tested as investors push back on board revamp Novo Nordisk's strategy tested as investors push back on board revamp
News7 months ago

Novo Nordisk’s strategy tested as investors push back on board revamp

    Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic...

Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan
News7 months ago

Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan

  Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president...

Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI
News7 months ago

UK borrowing costs spike on report government to scrap plans to raise income tax

    Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg...

An Indonesian Unicorn's Vision For Digital Payments An Indonesian Unicorn's Vision For Digital Payments
News7 months ago

Trump’s threatened the BBC with a $1B lawsuit: Here’s what’s going on

    US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31,...

We're downgrading a portfolio stock. Plus, what's causing the market's rally We're downgrading a portfolio stock. Plus, what's causing the market's rally
News7 months ago

UBS’s picks for global returns next year

  Investors looking for global diversification opportunities should look to a specific subset of stocks in Europe, according to UBS...

Nvidia will soar nearly 75%, says Loop Capital Nvidia will soar nearly 75%, says Loop Capital
News7 months ago

AI companies admit they’re worried about a bubble

    Eakarat Buanoi | Istock | Getty Images LISBON, Portugal — Top tech executives told CNBC they’re concerned about...

CEO Southeast Asia's top bank DBS says AI adoption already paying off CEO Southeast Asia's top bank DBS says AI adoption already paying off
News7 months ago

CEO Southeast Asia’s top bank DBS says AI adoption already paying off

Tan Su Shan, deputy chief executive officer and managing director of institutional banking at DBS Group Holdings Ltd., speaks during...

China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected
News7 months ago

China’s economic slowdown deepens in October as housing slump worsens and investments shrink more than expected

CHENGDU, CHINA – OCTOBER 18: People walk past the Louis Vuitton store at Taikoo Li, a high-end shopping area that...

U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador
News7 months ago

U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador

The United States said Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and...

Advertisement