Overview
- President Trump said the Beijing visit will slip by “five or six weeks” so he can manage the Iran war.
- Preparatory talks in Paris were billed as constructive yet yielded no concrete results or announcements.
- Beijing has not joined U.S. efforts to reopen the Strait of Hormuz and is maintaining tight rare earth export controls.
- Oil tracking shows Iranian crude continues to reach buyers, much of it to China, as the U.S. considers easing some oil sanctions on Tehran to curb prices.
- The deferred leader agenda includes formalizing a tariff truce and discussions on Taiwan, semiconductors, rare earths and agriculture, with expectations for broad breakthroughs described as limited.