Trump to visit Beijing May 13–15 for talks with Xi
China confirmed President Trump will visit Beijing May 13–15 to meet Xi Jinping on Iranian oil purchases, trade disputes and rare earth metals.
President Donald Trump will travel to Beijing from May 13 to 15 for a three-day state visit to meet Chinese President Xi Jinping. The visit includes a formal ceremony on May 14 and bilateral meetings. It is the first trip to China by a sitting U.S. president in nearly a decade.
The agenda lists Chinese purchases of Iranian oil, trade disputes and rare earth metals. U.S. officials have urged China to reduce imports of Iranian crude, saying those purchases weaken Western sanctions aimed at Tehran. China describes energy procurement as a sovereign economic decision and rejects treating its trade choices as compliance with external sanctions.
Talks will also cover tariffs, market access and industrial policy. These issues have driven disputes between Washington and Beijing and affect companies that rely on global supply chains.
China supplies the majority of global rare earth elements, which are used in consumer electronics, electric vehicles, renewable energy systems and military equipment. Changes to export rules, production quotas or cooperative supply arrangements would affect costs and sourcing for firms that depend on those minerals.
Mining equipment for Bitcoin and other proof-of-work networks depends on semiconductors and materials linked to rare earths. Disruptions or higher input costs could change prices for chips used in mining rigs. If the summit affects global oil prices, energy costs for mining operations could change. Outcomes related to Iran or sanctions could influence how regulators and governments view digital assets in the context of financial restrictions.
China maintains a ban on crypto trading and mining inside its borders, while Chinese capital, technology and hardware production continue to influence the global crypto ecosystem through Hong Kong, offshore exchanges and device makers.
Investors and market participants will monitor any announcements on tariffs, export controls or energy purchases for indications of policy change. Any agreements or understandings reached in Beijing may take days or weeks to be reflected in markets.
