The Japan Times - Trump heads to South Korea with all eyes on Xi meeting

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.834974
GBP 0.834166
GEL 2.893653
GGP 0.834974
GHS 13.055243
GIP 0.834974
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.834974
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.834974
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.587311
MNT 4015.514918
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 132.393741
WST 3.108622
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.340367
MXV 2.33632
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Trump heads to South Korea with all eyes on Xi meeting
Trump heads to South Korea with all eyes on Xi meeting / Photo: ANDREW CABALLERO-REYNOLDS - AFP

Trump heads to South Korea with all eyes on Xi meeting

US President Donald Trump heads Wednesday for South Korea, where a key meeting with Chinese leader Xi Jinping could produce a truce in the blistering trade war between the world's two largest economies.

Text size:

Trump's two-day visit to key US ally South Korea is the third leg of a trip to Asia that has seen him lauded at a regional summit in Malaysia and flattered as a "peacemaker" by Japan's Prime Minister Sanae Takaichi.

But the eyes of the world will be on a meeting set for Thursday -- the first time in six years Trump sits down with Xi.

It could determine whether the United States and China can halt a trade war that has roiled global markets and sent international supply chains into panic.

Negotiators from Beijing and Washington have both confirmed a "framework" has been agreed.

It is now down to Trump and Xi, who will meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the city of Gyeongju, to sign off on it.

"There seems to be a mismatch in terms of where both countries are, heading into the Trump-Xi summit," said William Yang, an analyst at the International Crisis Group.

The United States "is eager to reach any trade deal that Trump could declare as a victory", while China is focused on "building more mutual trust, managing longstanding differences, and steadying the bilateral trade relationship", he added.

- 'Complicated' -

Trump is due to land in the South Korean city of Busan, fresh from two days in Tokyo, where Japan's new conservative premier Takaichi hailed a "golden age" in bilateral ties.

The US president will head to Gyeongju for a summit with South Korean President Lee Jae Myung -- their second in-person talks just two months after a meeting in Washington.

Discussion will likely be focused on trade, with the two sides still deadlocked over a deal between the major economic partners.

In July, Trump said Washington had agreed to cut tariffs on South Korean imports to 15 percent in exchange for a $350 billion investment pledge by Seoul.

Steep auto tariffs, however, remain in place, and the two governments remain divided over the structure of the investment pledge.

US Treasury Secretary Scott Bessent admitted Monday there was still "a lot of details to work out" in what he said was a "complicated" deal, while Trump has denied that there was a "snag" in the talks.

Activists plan to welcome the US leader, whose sweeping tariffs triggered the trade war, with anti-Trump demonstrations in Gyeongju condemning his "predatory investment demands".

- DMZ meeting? -

Adding to the diplomatic high drama, Trump has also extended an invitation to North Korean leader Kim Jong Un to meet while he is on the peninsula.

The two leaders last met in 2019 at the Demilitarised Zone (DMZ), the fraught Cold War frontier that has separated the two Koreas for decades.

Trump has said that he would "love to meet" Kim and even suggested sanctions could be a topic for conversation.

But North Korea is yet to respond publicly to the invitation. Officials in Seoul appear divided as to whether it will go ahead.

Kim said last month he had "fond memories" of his meetings with Trump.

He also expressed openness to talks if the United States dropped its "delusional" demand that Pyongyang give up its nuclear weapons.

"Trump's made it clear he wants to meet," Chad O'Carroll, founder of the specialist website NK News, told AFP.

"The ball is in Kim Jong Un's court."

But the US leader now faces a different Kim than in 2019 -- one emboldened since their diplomatic love affair during Trump's first term, having secured crucial backing from Russia after sending thousands of North Korean troops to fight alongside Moscow's forces.

"North Korea has time on its side and isn't as isolated as before," said Hong Min, a senior analyst at the Korea Institute for National Unification.

"A surprise event to show personal rapport is possible, but a negotiation with tangible results -- like denuclearisation talks -- will not happen," he told AFP.

burs-oho/ami/des

H.Hayashi--JT