On October 15, Artur Kharetonov, president of the Liberal Democratic League of Ukraine, gave an analytic overview regarding the upcoming meeting between Donald Trump and Xi Jinping. The conversation highlighted US-China trade tensions, increased tariffs, the reshaping of the global order, and the impact of these developments on Ukraine.
Particular attention was paid to the case of US soybean exports and China's refusal to continue purchases, which has affected the US agricultural sector. Trump seeks to use this situation for political maneuvering, provoking significant market fluctuations. The soybean issue has long been a focal point in bilateral talks, noted even during the Biden administration. The expert emphasized that politicians often highlight such trade disputes for domestic benefits.
The discussion also centered on the forthcoming Indo-Pacific summit in late October, where Trump and Xi are due to meet among other leaders from Japan, South Korea, and the region. Expected topics include reducing Chinese influence, North Korea's support for Russia, and the possible involvement of Vladimir Putin in the diplomatic process.
Experts discussed the impact of new tariffs by the US and EU on Chinese industry, steel, and exports. Western nations are reconfiguring supply chains, seeking to reduce dependency on China and protect their own markets and jobs. Even Ukraine has long maintained tariffs on select Chinese goods.
Internal economic challenges for China were also addressed: capital outflow, declining consumer spending, social issues, and growing militarization. According to international organizations, the lack of reforms threatens further economic decline for China, while the government’s current policies may signal preparations for potential military scenarios.
In conclusion, the experts stressed that intensifying competition between the US and China, and developments in North Korea, Europe, Malaysia, and the wider Indo-Pacific, will directly impact Ukraine. The upcoming summit’s outcomes will be key in defining the direction of global political and economic systems in the coming years.
