Global Enterprise logo
BROUGHT TO YOU BYUOB logo
NEWS ANALYSIS

Stung by Iran war, Trump heads to Beijing summit with Xi in need of wins

Leaders seek to extend fragile trade truce, with Trump wanting Xi’s help to end unpopular Iran war

Published Tue, May 12, 2026 · 11:51 AM
    • An anti-US billboard with photo depicting US President Donald Trump in Teheran on May 6. Trump wants China to convince Iran to make a deal with the US to end the conflict.
    • An anti-US billboard with photo depicting US President Donald Trump in Teheran on May 6. Trump wants China to convince Iran to make a deal with the US to end the conflict. PHOTO: EPA

    [BEIJING] In 2025, US President Donald Trump predicted that towering trade tariffs would bring America’s main economic rival to heel.

    He heads to China this week with that ambition blunted by court rulings, narrowing his goals to a few deals on beans, beef and Boeing jets, and enlisting China’s help to resolve his unpopular Iran war, political analysts say.

    The modest expectations for Trump’s May 14 and 15 meetings with Xi Jinping - the first since they paused a bruising trade war in October 2025 - underscore how Trump’s bombastic approach has failed to deliver an advantage ahead of the talks, according to analysts.

    Trump “kind of needs China more than China needs him,” said Alejandro Reyes, a professor specialising in Chinese foreign policy at the University of Hong Kong.

    “He needs a kind of foreign policy victory: a victory that shows that he is looking to ensure stability in the world and that he’s not just disrupting global politics,” Reyes added.

    Since their last brief meeting at an airbase in South Korea where Trump suspended triple-digit tariffs on Chinese goods and Xi backed away from choking global supplies of rare earths, China has quietly sharpened its economic pressure toolkit aimed at Washington.

    DECODING ASIA

    Navigate Asia in
    a new global order

    Get the insights delivered to your inbox.

    Trump, meanwhile, has been preoccupied fighting US court rulings against his tariffs and a war with Iran that has sapped his approval ratings ahead of November’s midterm elections.

    This week’s meeting in the Chinese capital will be a grander occasion, with the leaders set to hold a summit at the Great Hall of the People, tour Unesco-heritage site Temple of Heaven, dine at a state banquet and take tea and lunch together.

    But the anticipated economic deliverables amount to a handful of deals and mechanisms to manage future trade, while it remains unclear whether the leaders will even agree to extend their trade truce, officials involved in the planning said.

    Trump will be joined by CEOs including Tesla’s Elon Musk and Apple’s Tim Cook, though the business delegation is smaller than when he last visited Beijing in 2017.

    Aside from trade, Trump said on Monday (May 11) he will discuss arms sales to Taiwan and the case of jailed media tycoon Jimmy Lai with Xi. Families of two Americans imprisoned in China for more than a decade are also urging Trump to seek their release.

    “We used to be taken advantage of for years with our previous presidents, and now we’re doing great with China,” Trump said. “I respect him (Xi) a lot, and hopefully he respects me.”

    One battle after another

    The mood music has changed dramatically since Trump declared in a Truth Social post in April 2025 that his tariffs would make China realise that the “days of ripping off” the US were over.

    Those levies prompted Beijing to restrict exports of rare earths, brutally exposing the West’s dependency on elements vital to the manufacturing of everything from electric cars to weapons, and eventually led to Trump and Xi’s fragile truce.

    Since then, Trump has faced countless other battles: capturing Venezuela’s leader, threatening to annex fellow Nato member Greenland and waging a war on Iran that has plunged the Middle East into chaos and stoked a global energy crisis.

    More than 60 per cent of Americans disapprove of his Iran war, according to a Reuters/Ipsos survey in April.

    US President Trump and his Chinese counterpart Xi Jinping in Busan, South Korea, on Oct 30, 2025. PHOTO: NYTIMES

    Now, Trump wants China to convince Teheran to make a deal with Washington to end the conflict. China maintains ties with Iran and remains a major consumer of its oil exports.

    Matt Pottinger, who served as deputy national security advisor during Trump’s first term, told a forum in Taipei last week that while China would like to see an outcome that weakens American power it is not immune to the economic cost of a protracted conflict.

    But Beijing will want something in return, and top of Xi’s agenda is Taiwan, the democratically governed island claimed by China.

    While some fear a bargain that could embolden China to take Taiwan by force, even a nuanced change in Washington’s wording would raise anxiety about the commitment of Taipei’s most important backer that would reverberate across other US allies in Asia.

    Wu Xinbo, a professor at Fudan University in Shanghai who serves on the policy advisory board of China’s foreign ministry, said Trump should make clear that he “won’t support independence or take actions that encourage a separatist political agenda”.

    ‘Superficial ceasefire’

    China also wants the Trump administration to commit to not taking future retaliatory trade action such as technology export controls, and to roll back existing controls on chipmaking equipment and advanced memory chips, people briefed on the talks said.

    And since October 2025, Beijing has been expanding its own economic leverage, such as enacting laws to punish foreign entities that shift supply chains away from China and tightening its rare earth licensing regime.

    A majority of Americans (53 per cent) now say the US should undertake friendly cooperation and engagement with China, up from 40 per cent in 2024, according to a survey by the Chicago Council on Global Affairs published in October 2025.

    So just keeping relations on an even keel and extending the trade war truce could be enough for Trump to claim a win.

    That leaves the main outcome likely to be “a superficial ceasefire that is largely to China’s advantage,” said Scott Kennedy of the Center for Strategic and International Studies think tank in Washington. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Share with us your feedback on BT's products and services