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Trump, Xi Meet in Beijing, Discuss Hormuz, No Deals

5/17/2026

41 5 Full Breakdown

Left

Trump Meets Xi

The Beijing summit unfolded amid lavish ceremonies while ordinary Americans grappled with soaring gas prices and inflation.
U.S. President Donald Trump met Chinese President Xi Jinping in Beijing, discussing the Strait of Hormuz reopening.
Treasury Secretary Scott Bessent said China would work behind the scenes to reopen the strait.
Observers said the summit offered no concrete deals on human rights, Taiwan or Iran.

Right

Iran Sinks Ship

Iran sank an Indian cargo ship attempting to cross the strait hours before the summit, marking latest commercial vessel attack.
Tehran cleared the way for several Chinese vessels to cross the Strait of Hormuz on Thursday after talks with Beijing.
U.S. Treasury Secretary Scott Bessent told CNBC China will work scenes to help reopen strait.
President Donald Trump told Fox News Xi Jinping offered to help reopen the strait.

History

Historical Context

In October 1973 OPEC, led by Saudi Arabia, raised crude prices 17 % and imposed an oil embargo on the United States, sending world oil prices up by 1974. The shock prompted President Richard Nixon to enact price controls and focus on energy security. In 2023 Presidents Donald Trump and Xi Jinping met in Beijing to discuss Strait of Hormuz access to lower U.S. fuel costs.

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Trump Meets Xi

The Beijing summit unfolded amid lavish ceremonies while ordinary Americans grappled with soaring gas prices and inflation.
U.S. President Donald Trump met Chinese President Xi Jinping in Beijing, discussing the Strait of Hormuz reopening.
Treasury Secretary Scott Bessent said China would work behind the scenes to reopen the strait.
Observers said the summit offered no concrete deals on human rights, Taiwan or Iran.

1 / 3