Beijing Summit

• U.S. President Donald Trump met with Chinese leader Xi Jinping at the Great Hall of the People in Beijing on Thursday to discuss U.S.-China relations, Taiwan, and economic cooperation, with no major breakthroughs expected by analysts. • Asian markets were mixed: Japan's Nikkei 225 fell 1% to 62,654.05 after hitting an intraday record above 63,700; South Korea's Kospi rose 1.8% to a record 7,981.41 driven by AI tech stocks; Shanghai Composite dropped 1.5% to 4,177.92 while Hong Kong's Hang Seng flatlined at 26,389.04. • The leaders agreed the Strait of Hormuz must remain open amid the ongoing Iran war over two months old, with hopes Beijing could leverage ties with Tehran; U.S. crude dipped 0.2% to $100.86 per barrel.

US president says he and his Chinese counterpart have ‘known each other for a long time’ and Xi is ‘great leader’Trump in Beijing – latest updatesFive key issues for Xi-Trump summitThe US president, Donald Trump, has met China’s leader, Xi Jinping, for a momentous summit that will pack negotiations on global conflict, international trade and the future of artificial intelligence into just over 24 hours.Trump arrived at the Great Hall of the People, an imposing Mao-era building that borders the western edge of Tiananmen Square, on Thursday morning for an opening ceremony followed by an hour of face to face talks with Xi. Continue reading...

• US President Donald Trump arrived in Beijing on May 13, 2026, for a state visit and high-level talks with Chinese President Xi Jinping addressing major bilateral and global issues. • Key agenda items include US-China trade disputes, rare earth minerals supply chains, Taiwan's political status, artificial intelligence competition, and the ongoing Iran conflict. • The summit represents a critical diplomatic engagement aimed at managing US-China strategic competition and reducing military escalation risks.

• Taiwanese officials worry that even subtle rhetorical changes from President Trump regarding Taiwan policy could destabilize the decades-long cross-strait status quo, as Trump prepares for a May 14-15 summit with Chinese President Xi Jinping in Beijing. • A White House official reaffirmed that U.S. policy toward Taiwan remains unchanged, based on the Taiwan Relations Act, three U.S.-PRC Joint Communiques, and Six Assurances to Taiwan, with no alterations announced. • Chinese scholars suggest Beijing will pressure Trump to shift declaratory policy—pushing for explicit opposition to Taiwan independence rather than current "not supporting" language—and seek U.S. pre-negotiation on arms sales, both major departures from established policy.

• US National Security Advisor Jake Sullivan met with Chinese Foreign Minister Wang Yi in Beijing on April 4, 2026, announcing plans for bilateral talks on trade imbalances and semiconductor export restrictions amid rising tensions. • The agreement includes a framework for reducing tariffs on $50 billion in goods and joint cybersecurity standards, with Sullivan stating, 'This is a step toward stabilizing our economic relationship without compromising security.' • The deal matters as it averts potential escalation in US-China tech rivalry, potentially boosting global markets and easing supply chain disruptions affecting US consumers.

• President Trump is suggesting he may delay his planned visit to China at month's end unless Beijing helps reopen the Strait of Hormuz and address soaring oil prices from the Iran war. • U.S. Treasury Secretary Scott Bessent met Monday in Paris with Chinese Vice Premier He Lifeng for trade talks intended to pave the way for Trump's Beijing trip, with a U.S.-China tariff truce currently in place. • Trump's administration is seeking international assistance with naval escort efforts in the strait after initial unilateral approaches proved insufficient as oil prices escalated.