No Result
View All Result
  • Login
Sunday, September 20, 2026
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Economy

Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz

by FeeOnlyNews.com
6 months ago
in Economy
Reading Time: 3 mins read
A A
0
Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz
Share on FacebookShare on TwitterShare on LInkedIn


U.S. President Donald Trump prepares to greet Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea.

Andrew Harnik | Getty Images

U.S. President Donald Trump said his planned trip to China later this month could be delayed as Washington sought to pressure Beijing to help reopen the Strait of Hormuz, underscoring a renewed flashpoint in an already fragile bilateral relationship.

In an interview with the Financial Times on Sunday, Trump said he expected China to help unblock the strait before he travels to Beijing for a summit with Chinese leader Xi Jinping, which had been scheduled for March 31 to April 2.

Trump added that the two weeks to the meeting were a “long time” and that Washington wanted clarity before then. “We may delay,” Trump told the FT, without elaborating on timing.

The remarks came as Treasury Secretary Scott Bessent met his Chinese counterpart He Lifeng in Paris for talks about the planned summit. Beijing has yet to confirm the dates and typically announces such plans closer to their scheduled start.

The visit would be the first for a U.S. president since Trump’s last trip during his first term in 2017. It also comes five months after the two leaders met in the South Korean city of Busan, where they agreed to a one-year truce in a trade war that had seen tit-for-tat tariffs briefly soar to triple-digit levels last year.

Chinese top diplomat Wang Yi said earlier this month that the agenda for the exchange was already “on the table.”

Trump said Sunday aboard Air Force One that China sourced about 90% of its oil through the strait, framing Beijing’s cooperation on Hormuz as a matter of self-interest. The president has appealed to several European and Asian countries, including China, to help open up the chokepoint through which roughly one-fifth of the world’s daily oil supply passes.

However, the numbers suggest Beijing may be more insulated from the closure than Trump’s comments implied.

China has spent the past two years diversifying its energy sources and building its strategic reserves, cushioning the blow of any prolonged disruption.

Seaborne oil imports through the strait now account for less than half of China’s total oil shipments, according to Rush Doshi, director of the China Strategy Initiative at the Council on Foreign Relations. Nomura also estimated that oil flows through Hormuz represent just 6.6% of China’s total energy consumption.

Satellite imagery tracked by maritime research firms showed that Iran has continued to ship large amounts of crude oil to China since the war broke out late last month.

Both sides appeared to increase pressure ahead of the high-stakes summit in Beijing. The U.S. launched trade investigations into a broad swath of countries over alleged excess capacity and failures to address forced labour.

In a statement Monday, China’s commerce ministry said the Trump administration had “once again abused the Section 301 investigation process to override domestic law over international rules,” calling the probes “extremely unilateral, arbitrary and discriminatory.”

Beijing said it had formally lodged representations with Washington against the investigations. “We urge the U.S. side to immediately correct its wrong practices and meet China halfway,” a ministry spokesperson said, calling for dialogue and negotiated solutions.

The ministry said it would monitor the progress of the investigations closely and take unspecified measures to defend China’s interests.

— CNBC’s Evelyn Cheng contributed to this report.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source link

Tags: BeijingChinadelayHormuzPressuresreopenSignalsStraitsummitTrumpU.S
ShareTweetShare
Previous Post

Trader’s guide to navigating supply disruption by war

Next Post

China’s factory output and consumption beat forecasts, while property investment contraction slows

Related Posts

Republican Party Displacement | Mises Institute

Republican Party Displacement | Mises Institute

by FeeOnlyNews.com
August 8, 2026
0

Mark Thornton returns to Rothbard’s idea of major party realignment, arguing that ideology—not interest-group politics alone—drives long-term political change. He...

Democrats’ Affordability Message Misses a Key Expense—Student Debt

Democrats’ Affordability Message Misses a Key Expense—Student Debt

by FeeOnlyNews.com
August 8, 2026
0

Yves here. Although this article on student debt traps does not make these assumptions, many articles I see about student...

The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

by FeeOnlyNews.com
August 8, 2026
0

I have reported that Trump was mislead into this unwinnable war with Iran, which has been planning for it since...

Here are three key takeaways from the disappointing July jobs report

Here are three key takeaways from the disappointing July jobs report

by FeeOnlyNews.com
August 7, 2026
0

Job seekers speak with employer representatives and browse information tables as they attend an Inspire Together job and resource fair...

Coffee Break: Gene Editing Gone Wrong, Plants that Eat Animals, and a Neanderthal Gene that Makes a Difference

Coffee Break: Gene Editing Gone Wrong, Plants that Eat Animals, and a Neanderthal Gene that Makes a Difference

by FeeOnlyNews.com
August 7, 2026
0

Part the First: If You Stretch Biomedical Science Too Far It Breaks, Every Time.  Gene editing using CRISPR technology has...

Netanyahu’s Scorched Earth Tactics | Armstrong Economics

Netanyahu’s Scorched Earth Tactics | Armstrong Economics

by FeeOnlyNews.com
August 7, 2026
0

According to formal complaints lodged by Lebanon with the United Nations, Israel did spray a toxic herbicide over agricultural land...

Next Post
China’s factory output and consumption beat forecasts, while property investment contraction slows

China's factory output and consumption beat forecasts, while property investment contraction slows

QSR stocks slump up to 47% as weak investor appetite, rising fuel risks dent mood. Time to bottom fish?

QSR stocks slump up to 47% as weak investor appetite, rising fuel risks dent mood. Time to bottom fish?

  • Trending
  • Comments
  • Latest
Bitcoin and ethereum prices today, Friday, August 7, 2026: Crypto prices moving higher following July jobs report

Bitcoin and ethereum prices today, Friday, August 7, 2026: Crypto prices moving higher following July jobs report

August 7, 2026
MEXC Lists Ondo Yield Asset As Tokenized Treasury Demand Grows

MEXC Lists Ondo Yield Asset As Tokenized Treasury Demand Grows

July 3, 2026
Delek Logistics Partners Reports alt=

Delek Logistics Partners Reports $0.54 EPS for Q2 FY26

August 5, 2026
Onkure Therapeutics Releases Q2 2026 Financial Results

Onkure Therapeutics Releases Q2 2026 Financial Results

August 4, 2026
Thryv outlines M run-rate savings while revising 2026 SaaS adjusted EBITDA to M-M (NASDAQ:THRY)

Thryv outlines $60M run-rate savings while revising 2026 SaaS adjusted EBITDA to $42M-$44M (NASDAQ:THRY)

August 4, 2026
My Thoughts on Going All In

My Thoughts on Going All In

August 4, 2026
Advanced Micro Devices (AMD) Price Prediction: How Much a ,000 Investment Could Be Worth by 2031

Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031

0
Cities holding up to 3 million people found under Amazon rain forest

Cities holding up to 3 million people found under Amazon rain forest

0
Republican Party Displacement | Mises Institute

Republican Party Displacement | Mises Institute

0
Bybit Uses Tokenised Equities as Underlyings for Structured Yield

Bybit Uses Tokenised Equities as Underlyings for Structured Yield

0
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

0
Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

Vaxart outlines Phase IIb COVID-19 top line data in first half of 2027 backed by BARDA funding (OTCMKTS:VXRT)

0
Advanced Micro Devices (AMD) Price Prediction: How Much a ,000 Investment Could Be Worth by 2031

Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031

August 8, 2026
Republican Party Displacement | Mises Institute

Republican Party Displacement | Mises Institute

August 8, 2026
Vanguard Chief Economist: AI and jobs, still in an ATM phase

Vanguard Chief Economist: AI and jobs, still in an ATM phase

August 8, 2026
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week

August 8, 2026
Democrats’ Affordability Message Misses a Key Expense—Student Debt

Democrats’ Affordability Message Misses a Key Expense—Student Debt

August 8, 2026
Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

August 8, 2026
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Advanced Micro Devices (AMD) Price Prediction: How Much a $5,000 Investment Could Be Worth by 2031
  • Republican Party Displacement | Mises Institute
  • Vanguard Chief Economist: AI and jobs, still in an ATM phase
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.