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The Iran war will cast a long shadow over the talks. Plus, the 100 best novels of all timeGood morning.Donald Trump is due to arrive in Beijing on Wednesday evening, the first visit to China by a US president since he was last there nearly a decade ago, as he seeks to mend power and prestige weakened by the war in Iran.What is the state of US-China relations? The two countries remain locked in a fragile tariff truce, reached last autumn after tensions threatened to erupt into a full-scale trade war. Trump has long complained about China’s trade surplus with the US, while Beijing has opposed American export controls and sanctions.What is the latest with the US-Iran ceasefire? The war has entered its third month, with Tehran tightening its grip over the strait of Hormuz and Washington struggling to turn a fragile ceasefire into a lasting settlement. Behind the scenes, US officials have spent weeks urging China to put pressure on Iran to reopen the strait and accept US terms for peace.What did the Atlantic allege? It reported that Patel’s alcohol consumption had become “a recurring source of concern across the government” which made him a “national-security vulnerability”, citing interviews with more than two dozen people including current and former FBI officials. Patel denies all the allegations, calling them “outrageous” and “malicious”. Continue reading...

Meeting comes amid tentative trade truce but Iran, Taiwan and tensions over global supply chains will be complicating factorsSign up for the Breaking News US emailHello and welcome to our live coverage of US politics.Donald Trump is heading to Beijing for high-stakes talks with Chinese leader Xi Jinping, as they seek to maintain a tentative trade truce while navigating Iran, Taiwan and dominance over global supply chains. Continue reading...

• Asia-focused ETFs representing Japan, China, South Korea, and Taiwan are outperforming in 2026, driven by a structural re-rating of Asian growth prospects as global investors seek alternatives to high-valuation U.S. mega-cap technology stocks. • Semiconductor and hardware infrastructure sectors are the primary beneficiaries of ongoing global AI expansion, with integrated supply chains across Japan, Taiwan, and South Korea attracting significant catch-up trades from international investors. • A broader stabilization in the U.S. dollar is acting as a tailwind for developed and emerging Asian equities, reducing the cost of dollar-denominated debt for regional corporations and improving competitive positioning.

• Chinese President Xi Jinping hosted Vietnamese Communist Party General Secretary To Lam in April 2026, marking To Lam's first international trip in his new role and signaling Beijing's emphasis on party-to-government relations with Hanoi. • The two countries signed 32 bilateral agreements, more than double the 14 agreements reached during To Lam's 2024 visit, covering trade, investment, and strategic cooperation across multiple sectors. • Beijing is leveraging Vietnam's socialist governance model as common ground for deepening ties, while also pursuing enhanced regional connectivity through infrastructure projects like Malaysia's East Coast Railway Line to bind Southeast Asia closer to China.

• US Treasury Secretary Janet Yellen met with Chinese Vice Premier He Lifeng in Geneva on April 8, 2026, to discuss de-escalating trade tensions after new US tariffs on Chinese EVs and semiconductors. • The talks addressed a $50 billion US trade deficit with China and Beijing's retaliatory duties on US agricultural goods, with both sides agreeing to a 90-day tariff freeze. • The negotiations matter as they could avert a global economic slowdown, with IMF warning of 0.8% GDP hit if tensions worsen; Wall Street rallied 1.2% on the news.

• 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.