politics
Trump and Xi to Hold Bilateral Summit in Beijing
President Donald Trump is scheduled to hold a summit with Chinese President Xi Jinping in Beijing where discussions will include China's economic and material support for Iran and Russia. A senior administration official said recent U.S. sanctions and prior conversations between the leaders will feature in the talks. Chinese officials rejected U.S.
May 12, 4:51 AM·2m read1 source
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President Donald Trump is scheduled to hold a summit with Chinese President Xi Jinping in Beijing. A senior administration official told reporters on Sunday that Trump has spoken multiple times with Xi about revenue China provides to Iran and Russia as well as dual-use goods, components, parts, and potential weapons exports.
U.S. In the last few days will be part of the conversation with Xi. U.S. sanctions targeting Iranian oil. A new directive was issued through China’s Commerce Ministry on Sunday that invokes a 2021 blocking statute prohibiting firms from complying with foreign sanctions deemed illegitimate.
U.S. of purchasing Iranian crude, including major independent processors known as teapot refineries. China has become Iran’s largest economic lifeline in recent years.
U.S. sanctions. Treasury Secretary Bessent said in a Fox News interview on May 4 that China has been buying 90 percent of Iran's energy.
"China, let’s see them step up with some diplomacy and get the Iranians to open the strait," Bessent said in the May 4 interview. U.S. officials have accused China of helping sustain Iran’s military and economic capabilities through oil purchases, dual-use exports and intermediary networks tied to Tehran’s drone and missile programs.
The Treasury Department has repeatedly sanctioned Chinese and Hong Kong-based companies accused of helping Iran procure materials and components linked to ballistic missiles and drones, including parts tied to the Shahed drone program. U.S. officials have raised concerns about shipments of dual-use goods such as electronics, industrial equipment and missile-fuel precursor chemicals.
