Both won tricky semi-finals, Trump fending off Mark Williams to win 6-4 and Higgins overcoming Shaun Murphy 6-3.
And 23-year-old Trump, who as a qualifier lost to Higgins in the 2011 World Championship final, rates his chances of reversing that result.
"John's a great player and one of the best to ever play so it'll be tough, but I'm here to win it and I fancy my chances in the final," Trump said.
Trump was relieved to withstand a gutsy fightback from Williams in the first semi-final.
The world number two was at one stage 5-1 ahead and on a break of 53, looking as though he would record a straightforward victory.
The match turned when Trump missed a red, Williams punished him and soon threatened to force a deciding frame.
But UK champion Trump kept his composure and strung together a tidy 58 when a chance came his way in the 10th frame.
Trump, who had earlier breaks of 62, 82, 53, 76, 62 and 82, said: "I felt I played a lot better and I dominated the match to go 5-1 up. Then Mark turned things around and every time I thought I had him in trouble, he got out of it.
"It was getting tense at 5-4 so I was really pleased to get over the line."
Four-time world champion Higgins fell 3-2 behind against Murphy, but the 37-year-old recovered and had breaks of 70, 94 and 135, the highest of the tournament so far, in turning the contest around.