Tuesday, 02 January 2024 12:17 GMT

Trump arrives in Asia for whirlwind week of diplomacy


(MENAFN) US President Donald Trump has arrived in Asia for a high-stakes week of diplomacy, including a long-awaited meeting with Chinese leader Xi Jinping. The tour spans Malaysia, Japan, and South Korea, with the Asean summit in Kuala Lumpur kicking off the schedule.

Trump’s top priority is trade. He aims to finalize deals with South Korea, secure new Japanese investment in US manufacturing, and, most importantly, convince China to resume purchasing American agricultural products, ease restrictions on rare earth materials, and give US companies greater market access. The stakes are high: escalating tensions with China could impact global markets and domestic stock indexes, highlighting the delicate balance Trump must strike.

Xi Jinping is expected to play a tougher, longer-term game, leveraging China’s control of rare earth minerals and using tariffs strategically. While China may offer concessions if Trump makes reciprocal moves, such as exporting advanced AI chips or reducing military support for Taiwan, reaching a deal will be challenging. Analysts note that Trump’s approach is often high-risk and fast-moving, whereas Xi is focused on long-term economic and domestic stability.

In Malaysia, Trump’s focus shifts to ceremonial diplomacy. Thailand and Cambodia are expected to sign a peace accord, partially demilitarizing their border after months of tension.

While Trump’s involvement is brief, other Asean nations hope his presence helps normalize relations with the US, whose tariffs have significantly affected regional exports over the past year.

Notably absent from Trump’s agenda is the ongoing civil war in Myanmar, a persistent challenge that continues to affect Asean discussions but does not appear to command his attention.

Overall, Trump’s week in Asia presents opportunities to strengthen trade ties and project US influence, but it also carries substantial risks, particularly in negotiations with China and managing regional expectations. Success will hinge on balancing domestic priorities with the complex economic and geopolitical realities of the region.

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