If Trump “revives” the talks he will finish his term with the same results every other president has had. If he formally allies the US with Israel, he will improve things immensely. That would be the most effective form of negotiation. I think he will not let himself get bogged down in “talks” that only buy further time for the arabs.
There will never be peace in the middle east. The problem is the false religion Islam. As long as Islam exists, the world will be at war with it, as it has been since its false “prophet” died.