TOKYO — President Trump predicted a “successful transaction” ahead of his Thursday meeting with Chinese President Xi Jinping — after.
President Trump predicted a “successful transaction” ahead of his Thursday meeting with Chinese President Xi Jinping — after negotiators from both countries drafted a framework for a trade agreement to avert Trump’s threatened 100% additional tariff on Chinese goods.
“I think we’re gonna have a successful transaction for both countries,” Trump, 79, told reporters as he flew to Japan for the second stop on his three nation tour of Asia, which will conclude in South Korea with the Xi summit meeting.
Trump said the final details are subject to change and “I don’t want to tell you what the understanding is, because what we understood yesterday or two days ago or even today is not going to be necessarily what it’s going to be in two days.”
Trump briefed reporters in the press cabin of the presidential jet with Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer standing nearby.
The tentative framework addresses core areas of dispute in the US-China relationship, Bessent told reporters, including Beijing’s new export restrictions on products made with rare-earth and critical minerals, which prompted Trump’s threat to ratchet up tariffs on Chinese exports.
