Trump Leaves Beijing After Xi Summit, No Iran Deal
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- Trump departed Beijing on Friday after a summit with Xi, touting business deals that gave markets little to cheer.
- Xi warned Trump that mishandling Taiwan could push U.S.-China relations to a dangerous place.
- China's foreign ministry issued a statement saying the war with Iran should never have happened and supports efforts for a peace deal.
- Trump hoped China would leverage its influence with Iran to reopen the Strait of Hormuz, but analysts note there was no Chinese commitment to act on Iran.
- U.S. officials announced agreements on farm goods and a mechanism to manage future trade, targeting $30 billion in non‑sensitive goods.
- Boeing secured an order for 200 jets from China, far short of the roughly 500 expected by markets, causing a share drop.
- Trump raised the case of jailed Hong Kong media tycoon Jimmy Lai with Xi, seeking a positive response.
Why it matters: The summit’s meager outcomes leave U.S. businesses and investors without the anticipated stimulus, as evidenced by Boeing’s share drop and Chinese market declines, while China’s warning on Taiwan signals heightened diplomatic tension that could affect future trade negotiations.
