The big questions hanging over the Trump-Xi meeting in China
Summary
President Donald Trump is scheduled to meet Chinese leader Xi Jinping in Beijing from May 13-15 to discuss issues including trade and the conflict in the Middle East. China is focused on preventing a return to high tariffs and resolving the impact of the Iran war on global oil supply and economic stability.Key Facts
- President Trump will meet Xi Jinping in Beijing in mid-May.
- The US-China trade war and tariffs are key points on the agenda.
- The US and Israel have started joint strikes against Iran, postponing the original summit date.
- China wants to avoid the return of high tariffs that reached up to 145% last year.
- Half of China’s oil imports pass through the Strait of Hormuz, currently affected by Middle East conflict.
- China has large oil stockpiles and a mixed energy supply, but is concerned about global recession risks.
- The US wants China’s help to pressure Iran to reopen the Strait of Hormuz.
- Analysts expect no major trade deal breakthrough, but possibly an extension of the previous truce.
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