No Result
View All Result
  • Login
Monday, March 16, 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
3 hours 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

Oil & Religion | Armstrong Economics

Oil & Religion | Armstrong Economics

by FeeOnlyNews.com
March 15, 2026
0

QUESTION: Marty, looking at Socrates, it does not show that this release of 400 million barrels of oil will do...

Iran – The Next Afghanistan & Vietnam

Iran – The Next Afghanistan & Vietnam

by FeeOnlyNews.com
March 15, 2026
0

QUESTION: Marty; I was rereading the Middle East report from the 2023 WEC. You had everything pointing to this starting...

Liquidity Crisis 2026 | Armstrong Economics

Liquidity Crisis 2026 | Armstrong Economics

by FeeOnlyNews.com
March 14, 2026
0

QUESTION: Marty, I want to thank you for your warning about Blackrock. I took out 90% with the October high...

PRIVATE BLOG – Iran = Vietnam 2.0: Will Middle East War Turn Nuclear?

PRIVATE BLOG – Iran = Vietnam 2.0: Will Middle East War Turn Nuclear?

by FeeOnlyNews.com
March 14, 2026
0

Blog Iran PRIVATE BLOG – Iran = Vietnam 2.0: Will Middle East War Turn Nuclear? Posted Mar 14, 2026 by...

Cultural Marxism Masquerading as True History

Cultural Marxism Masquerading as True History

by FeeOnlyNews.com
March 14, 2026
0

Ever since people began warning about the threat from Cultural Marxism, the Marxists’ main line of defense has been to...

Wheat Has Toppled More Empires Than Gunpowder

Wheat Has Toppled More Empires Than Gunpowder

by FeeOnlyNews.com
March 14, 2026
0

COMMENT: I am very disappointed in the Trump Administration. He promised to stop the endless wars and has done the...

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

  • Trending
  • Comments
  • Latest
York IE Appoints Chuck Saia to its Strategic Advisory Board

York IE Appoints Chuck Saia to its Strategic Advisory Board

February 18, 2026
Judge orders SEC to release data behind B in WhatsApp fines

Judge orders SEC to release data behind $2B in WhatsApp fines

March 10, 2026
8 Cost-Cutting Moves Retirees Are Sharing Online in February

8 Cost-Cutting Moves Retirees Are Sharing Online in February

February 14, 2026
8 Procedures That Can Be Cheaper Without Insurance

8 Procedures That Can Be Cheaper Without Insurance

February 14, 2026
FPA partners with Snappy Kraken to update PlannerSearch

FPA partners with Snappy Kraken to update PlannerSearch

February 25, 2026
Insurance vs. Cash Pay: When Skipping the Copay Actually Saves Money

Insurance vs. Cash Pay: When Skipping the Copay Actually Saves Money

February 13, 2026
How to Calculate Award Redemption Value

How to Calculate Award Redemption Value

0
SEC drops fraud case against BitClout founder Nader ‘Diamondhands’ Al-Naji

SEC drops fraud case against BitClout founder Nader ‘Diamondhands’ Al-Naji

0
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

0
Mobileye share price sinks to new low

Mobileye share price sinks to new low

0
Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz

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

0
The “Super Catch-Up” Math: How to Add 3,000 to Your Nest Egg in 4 Years

The “Super Catch-Up” Math: How to Add $143,000 to Your Nest Egg in 4 Years

0
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

March 15, 2026
Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz

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

March 15, 2026
Trader’s guide to navigating supply disruption by war

Trader’s guide to navigating supply disruption by war

March 15, 2026
I asked 10 people what they’d do with a completely free day and no obligations and seven of them couldn’t answer — not because they didn’t have ideas but because the question itself caused a kind of panic, and that panic is the thing I can’t stop thinking about

I asked 10 people what they’d do with a completely free day and no obligations and seven of them couldn’t answer — not because they didn’t have ideas but because the question itself caused a kind of panic, and that panic is the thing I can’t stop thinking about

March 15, 2026
Trump leaves allies and foes guessing on his endgame for Iran

Trump leaves allies and foes guessing on his endgame for Iran

March 15, 2026
Growth Prospects Backed by Analyst Upgrades

Growth Prospects Backed by Analyst Upgrades

March 15, 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

  • China’s factory output and consumption beat forecasts, while property investment contraction slows
  • Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait of Hormuz
  • Trader’s guide to navigating supply disruption by war
  • 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.