Upcoming talks between Donald Trump and Xi Jinping are expected to focus heavily on the conflict involving Iran, which could leave less room for progress on trade disputes and rare earth supplies between the United States and China.
US officials have already confirmed that Iran will be a major topic during the summit. China recently hosted Iran’s foreign minister, raising hopes that tensions in the region could ease. Investors reacted positively, with lower oil prices and gains in stock markets following signs of possible diplomacy.
Business leaders are still expected to join the trip, though reports say the US may send a smaller group than originally planned. Executives from companies such as Boeing and Citigroup are expected to attend as firms look for stronger business ties with China.
Even with trade concerns still unresolved, analysts say reducing tensions in the Middle East could benefit global businesses. At the same time, China is likely to keep pushing issues tied to tariffs, technology limits, Taiwan, and rare earth exports, which remain major points of tension between the two countries.
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