It will be the first time a US president has visited China in nearly a decade, with the last visit being Trump in 2017Sign up for the Breaking News US emailLike an out-of-control wreckin
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Donald Trump is scheduled to travel to China this week to meet with Xi Jinping , China’s leader. It will be the first time a US president has visited China in nearly a decade, with the last visit being Trump in 2017. But given all that has happened so far in Trump’s second term – a trade war and then an actual war with Iran that has led to oil and gas prices skyrocketing worldwide – the mood of this visit is likely to be quite different.
Tehran, Taiwan, trade … what are the hazards facing Trump on Xi summit tightrope?
Read more While the US and China had agreed to a temporary truce in October in the trade war Trump unleashed last year, China’s response to tariffs that reached as high as 145% at one point – restricting the export of rare earths, a move that brought some factories in the US to a screeching halt – was likely an unwelcomed reality check for Trump; one that revealed China’s true economic might.
Then there’s the issue of of China’s influence with Iran, as the biggest biggest buyer of Iranian oil. The US Treasury secretary, Scott Bessent, has called on China to “step up with some diplomacy” – essentially asking for Beijing’s help in a war that Washington started – while ast the same time trade representative Jamieson Greer said Trump planned to address China’s ongoing energy purchases from Iran.
Last week, the US imposed sanctions on several China-based companies, alleging that they provided “satellite imagery to enable Iran’s military strikes against US forces in the Middle East” and enabled “efforts by Iran’s military to secure weapons, as well as raw materials with applications in Iran’s ballistic missile and unmanned aerial vehicle (UAV) programs”.
On Monday, China spoke out against these sanctions, describing them as illegal and unilateral, Reuters reported.
“We have always required Chinese enterprises to conduct business in accordance with laws and regulations, and will firmly safeguard the legitimate rights and interests of Chinese enterprises,” spokesperson Guo Jiakun said at a regular press briefing.
“The pressing priority is to prevent by all means a relapse in fighting, rather than using the war to maliciously associate and smear other countries.” More to come.
