'Hope We Have A Deal': Donald Trump Optimistic On Trade Talks With China's Xi In South Korea

Last Updated:October 29, 2025, 12:18 IST

Donald Trump said he is hopeful of striking a “great trade deal” with Chinese President Xi Jinping during their upcoming meeting in South Korea.

A file photo of Chinese President Xi Jinping with US President Donald Trump (AP)

US President Donald Trump on Wednesday said he is hopeful of reaching a trade agreement with Chinese President Xi Jinping during their upcoming meeting, expressing optimism about improving ties between the two economic giants.

“One is better off when we have stable partnerships, not plagued by chronic problems and imbalances," Trump said, addressing the APEC CEO Summit in Gyeongju, South Korea, where he arrived for talks with the Presidents of South Korea and China, among other leaders.

“You know, probably you know that President Xi of China is coming tomorrow here, and we’re going to be, I hope, making a deal," the US President said.

“I think we’re going to have a deal," he said.

“I think it’ll be a good deal for both. And that’s really a great result, you know. That’s better than fighting and going through all sorts of problems and, you know, no reason for it. I think it’s going to be a great deal for both. So I’ll be meeting him tomorrow. A lot of people are interested. They’re also interested in what we’re doing," Trump added.

His remarks came as he prepared to attend a group dinner later in the evening, with Canadian Prime Minister Mark Carney among other guests.

On Monday, Carney had said he was ready to sit down for trade talks with Trump as soon as the US President is prepared to do so.

Last week, Trump announced he was cutting off trade talks with Ottawa and announced an additional 10 per cent tariffs on goods from Canada after an Ontario political ad used a snippet of Republican icon and former President Ronald Reagan saying tariffs cause trade wars and economic disaster.

Carney is on his first official visit to Asia, attempting to deepen trade and security ties at a time when Canada is struggling to reduce its overwhelming dependence on the United States and redefine its foreign policy to pursue new markets.

Carney will meet Chinese President Xi Jinping later this week.

Earlier today, Trump said he would speak to Xi Jinping about Nvidia’s state-of-the-art Blackwell artificial intelligence chip at their expected meeting on Thursday.

Sales of the US firm’s high-end AI chips to China have been a key sticking point in protracted trade talks between the world’s two largest economies this year.

Beijing has long been irked by Washington’s export controls that ban Nvidia from selling its most advanced AI chips to China. The US has justified these restrictions by alleging that the Chinese military would use the chips to increase its capabilities.

Speaking to reporters aboard Air Force One en route to Gyeongju, Trump praised Nvidia’s Blackwell as the “super-duper chip" and said he might speak to Xi about them, without elaborating.

“I think we may be talking about that with President Xi," Trump said, adding he was “very optimistic" about his meeting with Xi, the first since he returned to the White House.

Beijing has put pressure on Chinese firms to buy and further develop domestic chips in response to US export controls targeting the sale of Nvidia chips to China.

Despite that pressure, Chinese developers still want Nvidia’s chips due to constrained supplies of products from domestic rivals such as Huawei, Reuters has previously reported.

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