In a small saucepan over medium heat, combine apricot preserves, white vinegar, ketchup, and soy sauce.
Whisk in the garlic powder and onion powder.
In a separate bowl, mix cornstarch with water to form a slurry, then add to the saucepan.
Stir continuously until the sauce thickens, about 3-5 minutes.
Remove from heat and let cool before serving. Enjoy with nuggets, fries, or your favorite snacks!