As U.S. President Donald Trump travels to Beijing to meet with Chinese President Xi Jinping, the expectations around the highly anticipated summit between the leaders of the world's two largest economies are being tempered by the war against Iran, and as China appears to hold some key leverage.
Trump said Sunday that Iran's response to his latest proposal was "TOTALLY UNACCEPTABLE!" Ending the U.S. blockade before discussing Iran's nuclear program would eliminate a major point of leverage.
Oil prices rose Tuesday amid concerns over a prolonged Middle East conflict after President Trump's comments that the ceasefire with Iran is on "life support"
President Trump and some congressional Republicans are suggesting a potential suspension of the gas tax amid rising fuel costs due to the war with Iran.
Trump said Monday that U.S. arms sales to Taiwan and the imprisonment of Hong Kong media tycoon Jimmy Lai would be among the issues at the summit in Beijing.
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