If a trade agreement between the two countries can be reached, it would reduce the risk of weakening the global economy.
Conflict between U.S. and China trade has been rising for months and recently escalated after the U.S. threatened additional 155 percent tariffs on Chinese imports, in retaliation to Beijing placing new restrictive controls on the export of rare earth magnets, minerals, and technologies used to manufacture electronic devices and defense technologies.
Trump’s presence at the ASEAN summit also comes as he looks to reengage with key Asian leaders and position himself as a global dealmaker as he expressed his desire for the U.S. to “be a strong partner and friend for many generations to come."
