Trump Secures Trade Deal With South Korea As China Signals Willingness To "Cooperate" Ahead Of Bilateral Talks

President Trump announced a trade deal with South Korea at the Asia-Pacific Economic Cooperation summit. Details of the agreement are scarce, with no official statements released by either side. Trump described the meetings as "tremendous" and said a trade deal was "pretty much finalized." Some South Korean officials are hesitant about a demand for significant cash investment. This deal follows other significant trade deals secured by Trump, including ones with Japan. Trump's deal-making momentum is leading to a meeting with Chinese President Xi Jinping. Treasury Secretary Scott Bessent stated that a successful framework for a U.S.-China trade deal had been established. Chinese officials have expressed their willingness to cooperate for a positive outcome. The meeting between Trump and Xi is scheduled for Thursday in Busan. A cryptocurrency-based prediction market suggests a high probability of a trade deal. The outcome of the meeting could significantly impact the stock market.