Trump confirms 'big' meeting with China’s Xi Jinping, says it will be ‘fantastic,’ ‘great for everybody’: Watch

United States President Donald Trump said on Tuesday, October 28, that he would be meeting Chinese President Xi Jinping in South Korea, calling it a “fantastic” and “big” meeting that he said will “work out really well.”

Speaking optimistically ahead of the US-China talks amid a tariff tussle, Donald Trump said the meeting would be “great for everybody,” raising hopes for progress on trade issues between the two countries.

“I will be meeting President Xi today…a very fantastic meeting….It's a big meeting. I think it's going to work out really well. It's going to be great for everybody,” Donald Trump said.

Donald Trump and Xi Jinping are expected to meet on the sidelines of a regional summit in South Korea this week to discuss their ongoing trade dispute. The meeting between both the leaders is expected to de-escalate the trade tensions 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. In retaliation, the Trump administration threatened to impose export controls on goods incorporating US software.

What is expected in Trump-Xi meeting?

According to the reports, an interim agreement between China and the US could include some relief on tariffs, an extension of current rates, or China committing to buy US-made soybeans and Boeing airplanes.

Beijing reneged on similar promises in a 2020 deal with Trump.

Washington may allow more advanced computer chips to be exported to Beijing, in exchange for China easing restrictions on rare earth magnets.

Zelensky asks Trump to pressure Xi to not support Putin

Ahead of Trump's meeting with Xi Jinping, Ukrainian President Volodymyr Zelensky has urged the US President to pressure the Chinese leader to cut his support for Russia when the two leaders meet later this week – in an attempt to get Russia to end the war on Ukraine.

Trump said he would certainly discuss the Russian invasion of Ukraine when he meets Xi on Thursday in South Korea.

“If President Trump manages to hold talks, make decisions, and reach an understanding with China to reduce imports of Russian energy, I think it will help all of us,” Zelensky said, adding, “We support the US policy of exploring any opportunities to limit the supply of energy resources from Russia.”

Last week, Trump sanctioned two of Russia's largest oil companies and pressed top energy buyers – notably China and India – to curb their purchases, which Washington and Kyiv say fund Russia's invasion.

(With agency inputs)