Overview
- Planning remains compressed and uncertain, with talk of a Temple of Heaven stop or even a parade as some routine cabinet‑level meetings could be dropped.
- The U.S. launched a blockade of the Strait of Hormuz, which Beijing called dangerous and a threat to safe passage for oil.
- China dismissed reports it sent weapons to Iran, and Trump warned of 50% tariffs if investigators confirm the claims.
- A tariff truce still stands at roughly 30% U.S. duties and 10% Chinese duties, while core fights over technology and market access remain unsettled.
- Analysts now judge Xi to have more leverage heading into the talks as the U.S. juggles Middle East risks and unresolved trade and security disputes.