Overview
- China’s Foreign Ministry said President Donald Trump will make a state visit to China from May 13 to 15 to meet Xi Jinping, marking the first U.S. presidential trip to China since 2017.
- Treasury Secretary Scott Bessent is setting the agenda with a stop in Tokyo to meet Prime Minister Sanae Takaichi, then talks in Seoul with China’s vice premier He Lifeng on commercial issues.
- Officials say the summit will tackle tariffs, trade frictions, Taiwan, regional security and the Iran conflict, with risks around the Strait of Hormuz that could jolt oil flows and global shipping.
- Both sides aim to cement the October Busan truce that eased some tariffs and trade limits, building on what March talks in Paris described as constructive progress.
- The outcomes could ease pressure on supply chains and prices for consumers and firms, while a setback could revive tensions that weigh on markets across the Asia-Pacific.