Trump-Xi Summit in Beijing: Potential Impact on Global Trade and Geopolitics
President Trump and China's President Xi Jinping are set to meet in Beijing to discuss a wide range of issues, including trade, Taiwan, and the Iran war. The summit is expected to address tensions surrounding the Strait of Hormuz and the impact of U.S. sanctions on Chinese refiners buying Iranian crude. Analysts suggest that cooperation between the U.S. and China could alleviate the current energy crunch and stabilize oil prices. The meeting follows a delay due to the U.S.'s involvement in the Iran conflict, which has caused significant disruptions in global energy markets.