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What's at stake for trade, Taiwan and Iran in Trump's high-risk summit with China's Xi

President Donald Trump's face-to-face meeting with Chinese President Xi Jinping in Beijing is a high-stakes summit addressing the lingering Iran war, a longstanding dispute over Taiwan, and a flurry of economic conflicts. The discussions, set for Thursday and Friday, could be a watershed moment for the adversarial superpowers. Analysts view the summit as an opportunity to thaw tensions and avoid international incidents, though each side has strong incentives. The White House frames the meeting in terms of rebalancing the trade relationship and restoring American economic independence. The Iran war has triggered a global energy supply shock, spiking prices for oil and gas, which has hurt Trump's approval ratings. China gains leverage as Iran's largest trade partner and top oil buyer, while Taiwan remains a critical flashpoint. The outcome could affect global supply chains, energy markets, and geopolitical stability.