Trump Eyes New Trade Deal with China, Beyond 2020 Agreement

< p>During the tenure of President Joe Biden, former President Donald J. Trump frequently occupied his lavishly designed parlor at Mar-a-Lago, the opulent resort he owns, where he previously welcomed Chinese President Xi Jinping. In this setting adorned with mirrors and gold finishes, Mr. Trump shared his grievances with visitors regarding the 2020 trade agreement he had brokered with China. According to reports, he would voice his frustrations over the perceived neglect of his agreement by what he labeled as "stupid people" in the White House, while also contemplating how, should he regain the presidency, he could orchestrate an unprecedented "deal of the century" with President Xi.

Trump's Aspirations for a New Trade Deal with China

With the 2024 presidential election on the horizon and having reclaimed his position in the Oval Office, former President Trump is now directing his attention toward the prospect of establishing a novel trade agreement with China. According to insights gathered from over a half dozen current and former advisers, as well as individuals well-versed in Mr. Trump's political musings, it has become evident that while substantial challenges lie ahead, the president harbors intentions of pursuing a comprehensive deal with Mr. Xi. This anticipated agreement, if realized, would transcend the mere reconfiguration of the existing trading relationship, signifying a significant evolution in U.S.-China economic engagement.