Trump-Xi Summit on Iran May Delay Tariff Resolutions

The upcoming summit between U.S. President Donald Trump and China's Xi Jinping on May 14-15 is expected to focus on the Iran war, potentially delaying discussions on tariffs and rare earth supplies. U.S. Treasury Secretary Scott Bessent has confirmed that Iran will be discussed. The U.S. has declined China's invitation for industry-specific meetings, which may impact business relations. Boeing and Citigroup CEOs are anticipated to accompany Trump, with the possibility of Boeing closing its first significant order with China in nearly a decade.