U.S. President Donald Trump is greeting Chinese President Xi Jinping at his Florida resort Thursday for a two-day summit at which the U.S. leader hopes to pressure Beijing into doing more to rein in North Korea’s nuclear weapons development.
Without elaborating, Trump warned this week, “If China is not going to solve North Korea, we will.” His administration is considering sanctions against Chinese banks and companies that give Pyongyang access to international financing.
China supplies North Korea with almost all its fuel oil, imported foods, consumer goods, and the raw materials used to construct its weapons program.
But China has also grown weary of the militaristic aspirations of North Korean leader Kim Jong Un, who has yet to visit Beijing during his six-year rule. A series of U.N. sanctions against North Korea have not deterred it from a string of missile tests, the latest this week.
Trump and Xi, who oversee the world’s two largest economies, are meeting for the first time and are set for a day of talks on Friday after having dinner Thursday with their wives at Trump’s Mar-a-lago estate.
The U.S. president said Thursday he is not sure how the summit might play out, telling Fox News, “Well, it’s going to be intersting. Nobody really knows.”
On Wednesday, Trump said dealing with North Korea’s nuclear development program could have “been made a lot easier if it was handled years ago.” But the U.S. leader, in office less than three months, said he welcomed the challenge.
“We have a big problem, we have somebody that is not doing the right thing, and that’s going to be my responsibility,” Trump said.
The two officials are also expected to discuss trade issues, especially the yawning gap that yearly sees vastly more Chinese exports to the United States than American goods being shipped to China, a $310 billion trade deficit for the U.S. in 2016.
In a Twitter remark last week, Trump said that his meeting at Mar-a-Lago with the Chinese leader would be “a very difficult one in that we can no longer have massive trade deficits and job losses.”
According to advance thoughts on the summit from Beijing, Xi could offer the United States more Chinese investments, which would create more American jobs, a key Trump campaign pledge.
Under former U.S. President Barack Obama, Chinese-American relations were often focused on curbing greenhouse gas emissions in the two biggest polluting countries in the world. But Xi and Trump have taken sharply divergent paths on curbing pollution.
The Chinese government recently canceled construction of more than 100 coal-fired power plants and is investing at least $360 billion in green energy projects by 2020. Trump, meanwhile, has vowed to bring back mining jobs that have been lost through automation and closure of U.S. mines as the country has turned to the use of cheaper natural gas.
Trump in the past has described global warming as a hoax perpetrated by the Chinese to hurt the U.S. economy. Last week, he signed an executive order aimed at rolling back Obama-era policies regulating carbon emissions.
Beijing appears to be focused more on atmospherics and slogans at the summit. From what analysts and officials in Beijing say, China will be watching closely for telltale signs that Washington may be adopting its view of relations between the two countries, the so-called “new style of major power relations.”
China expects Trump to reaffirm a pledge that was made by Secretary of State Rex Tillerson last month, during his visit to Beijing.
“The two presidents are going to define the nature of the relationship between China and the United States as characterized by this phrase, no conflict, no confrontation, mutual respect and win-win cooperation,” said Wang Dong, a political scientist at Peking University.
Wang said China hopes the informal get together will inject some stability into the relationship and help reduce the uncertainties that have arisen during the transition to the new administration.