Trump and Xi to Hold Bilateral Summit in Beijing on May 14-15

U.S. President Donald Trump and Chinese President Xi Jinping are scheduled to hold a summit in Beijing on May 14 to 15, 2026. com reported.

U.S. Treasury Secretary Scott Bessent said that the two presidents will discuss the Iran war. Bessent urged China to "join us in this international operation" to open the Strait of Hormuz to international shipping.

U.S. in Pakistan last month. " China stated that it appreciates Iran's commitment not to develop nuclear weapons while also recognizing Iran's legitimate right to the peaceful use of nuclear energy.

U.S. believes Iran wants to build a nuclear bomb and wants Iran to give up its right to enrichment for 20 years and hand over its stockpile of highly enriched uranium. Around half of China’s crude oil imports are shipped from the Middle East.

The conflict slashed China's total crude oil imports in April by 20% from a year ago to the lowest level in almost four years, according to Chinese customs data. S. blockade of the strait does not serve the common interest of the international community.

It also confirmed last week that an oil products tanker with Chinese crew was attacked in the Strait of Hormuz. China is the biggest buyer of Iranian oil. More than 80% of Iran’s shipped oil has been destined for China.

38 million barrels per day of Iranian oil in 2025. S. Treasury imposed sanctions on Chinese independent refinery Hengli Petrochemical for buying billions of dollars’ worth of Iranian oil.

U.S. Treasury has written to two Chinese banks warning of secondary sanctions if they facilitated trade of Iranian oil. S. sanctions against five refiners.

Beijing invoked a law that allows it to retaliate against entities enforcing sanctions it deems unlawful. S. Treasury imposed sanctions on two companies in China and two in Hong Kong it accused of supplying and facilitating efforts for Iran to purchase weapons from China and materials used in ballistic missiles.

U.S. President Donald Trump and Chinese President Xi Jinping holding a bilateral meeting at Gimhae International Airport on the sidelines of the APEC summit in Busan, South Korea, on October 30, 2025. The article was written by Antoni Slodkowski and Mei Mei Chu and published on May 11, 2026.