World
China’s Xi signals trade progress as ‘biggest summit’ with Trump begins
China’s Xi Jinping hailed positive trade negotiations with the United States at the start of a two-day summit with President Donald Trump in Beijing on Thursday, with discussions also set to cover the Iran war and U.S. arms sales to Taiwan.
With his approval ratings dented by his entanglement in the Middle East, Trump’s hotly anticipated trip to China – the first by a U.S. president to America’s main strategic rival since his last visit there in 2017 – has taken on added significance, Reuters reported.
“You’re a great leader, sometimes people don’t like me saying it, but I say it anyway,” Trump told Xi after the Chinese leader treated him to a grand reception at Beijing’s imposing Great Hall of the People, featuring an honour guard and throngs of children excitedly waving flowers and U.S. and China flags.
“There are those who say this may be the biggest summit ever,” Trump said. “It’s an honour to be with you. It’s an honour to be your friend and the relationship between China and the USA is going to be better than ever before,” he added.
Xi opened the summit by telling Trump that stable China–U.S. relationship benefits the entire world. “When we cooperate, both sides benefit; when we confront each other, both sides suffer.”
He also said preparatory talks by economic and trade teams in South Korea on Wednesday had reached an “overall balanced and positive outcome”, according to a readout by China’s state-run Xinhua news agency.
The latest round of negotiations aimed to maintain the trade truce struck last October and establish mechanisms to support future trade and investment, officials with knowledge of the matter said.
Joining Trump on the trip are a group of CEOs looking to resolve issues with China, including Elon Musk and Nvidia CEO Jensen Huang, a late addition. Trump has said his first request to Xi will be to “open up” China to U.S. industry.
Musk, Huang and Apple’s Tim Cook were present during the opening talks between the leaders, with Musk telling reporters they were “wonderful” as he left the Great Hall.
This week’s leaders meetings will provide plenty of face time between Xi and Trump: after their initial talks, they will tour the UNESCO heritage site Temple of Heaven and attend a state banquet on Thursday, before taking tea and lunch together on Friday, according to the White House.
POWER DYNAMICS HAVE SHIFTED
The power dynamics have changed since Trump’s last visit to Beijing when China went out of its way to lavish Trump and buy billions in U.S. goods, said Ali Wyne, senior adviser for U.S.-China relations at International Crisis Group.
Back then “China was trying to persuade the United States of its growing status… This time around it’s the United States, unprompted, of its own volition, that is acknowledging that status,” Wyne said, pointing out Trump revived the term ‘G2’, referring to a superpower duo, when he last met Xi on the sidelines of an APEC meeting in South Korea in October.
Trump enters the talks with a weakened hand.
U.S. courts have hemmed in his ability to levy tariffs at will on exports from China and other countries. The Iran war has also boosted inflation at home and escalated the risk that Trump’s Republican Party will lose control of one or both legislative branches in November’s midterm elections.
Though the Chinese economy has faltered, Xi does not face comparable economic or political pressure.
Nevertheless, both sides are eager to maintain a trade truce struck last October in which Trump suspended triple-digit tariffs on Chinese goods and Xi backed away from choking global supplies of rare earths, vital in making items from electric cars to weapons.
They are also expected to discuss forums to support mutual trade and investment and dialogue on AI issues.
Washington looks to sell Boeing airplanes, farm goods and energy to China to cut a trade deficit that has long irked Trump, while Beijing wants the U.S. to ease curbs on exports of chipmaking equipment and advanced semiconductors, officials involved in the planning said.
IRAN, TAIWAN IN FOCUS
Aside from trade matters, Trump is expected to encourage China to convince Iran to make a deal with Washington to end the conflict. But analysts doubt that Xi will be willing to push Tehran hard or end support for its military, given Iran’s value to Beijing as a strategic counterweight to the U.S.
U.S. Secretary of State Marco Rubio told Fox News aboard Air Force One that it was in China’s interest to help resolve the crisis as many of its ships are stuck in the Gulf and a slowdown in the global economy would hurt Chinese exporters.
For Xi, U.S. arms sales to Taiwan, the democratically governed island claimed by China, will be a top priority.
China reiterated on Wednesday its strong opposition to the sales, with the status of a $14-billion package awaiting Trump’s approval still unclear. The U.S. is bound by law to provide Taiwan with the means to defend itself, despite a lack of formal diplomatic ties.
“Trump doesn’t really have that many of the cards to play. But I don’t think that Trump actually sees the situation that way,” said Ronan Fu, an assistant research fellow at Taiwan’s top government think tank Academia Sinica.
Xi has a reciprocal visit tentatively planned for later this year, which would be his first visit to the United States since Trump re-took office in 2025.
World
Saudi Aramco helicopter crash kills 14 nationals, state news agency says
A helicopter belonging to Saudi oil giant Aramco crashed on Sunday in Ras Tanura on Saudi Arabia’s eastern coast on the Gulf, west of the Strait of Hormuz, killing 14 nationals, the state news agency reported, adding that the cause was unknown.
Aramco had resumed crude oil loadings on Friday at its Ras Tanura terminal in the Gulf after they were halted for nearly four months, Reuters reported.
“The relevant authorities have launched a full investigation to determine the cause of the crash,” the state news agency added.
Aramco did not respond immediately to an emailed request for comment.
The incident took place at 6 a.m. local time (0300 GMT), the state agency said, without providing further details.
Saudi Arabia, the world’s biggest oil exporter, has joined a rush to move cargoes after Middle East producers ramped up oil and gas output and exports ahead of an interim deal to halt the war between the United States and Iran.
World
Israel, Lebanon sign initial agreement after US-mediated talks
Israeli Prime Minister Benjamin Netanyahu said the agreement allows Israeli forces to continue to occupy southern Lebanon if Hezbollah does not disarm.
Israel and Lebanon signed a framework agreement in Washington on Friday following several days of talks to secure an end to fighting between Israel and Iran-backed Hezbollahmilitants, though both sides framed the deal as an initial step, Reuters reported.
Lebanese Ambassador Nada Moawad and her Israeli counterpart Yechiel Leiter signed the trilateral document with the U.S. at the State Department in Washington, providing few details.
Israeli Prime Minister Benjamin Netanyahu said the agreement allows Israeli forces to continue to occupy southern Lebanon if Hezbollah does not disarm.
“Today we’ve taken the first step in what will be a difficult journey, without a doubt, but an important and an essential and a necessary one,” U.S. Secretary of State Marco Rubio said before the agreement was inked.
In a later statement he said that the U.S. would facilitate the implementation of the deal through a trilateral “Military Coordination Group for Lebanon” and that Washington would commit significant resources, including an immediate $100 million in humanitarian assistance in coordination with the U.N.
Rubio added that the U.S. reaffirmed its intent to improve the capabilities of the Lebanese Armed Forces “to more effectively establish sovereignty throughout Lebanese territory” with more than $30 million in funds under existing U.S. authorities and appropriations.
The conflict between Israel and Hezbollah broke out when the armed group fired at Israel on March 2, days after the U.S. and Israel attacked Iran. The Hezbollah attacks triggered Israeli air and ground attacks that have killed more than 4,000 people in Lebanon and displaced more than a million.
Lebanon’s Moawad also called it a “first step” on the road to restoring Lebanese sovereignty.
“Iran is out, Hezbollah is out, and the road to peace between Israel and Lebanon is in,” Leiter said.
Netanyahu said in a statement that the deal would also allow the Lebanese army “to begin organizing to take control of territory,” starting with what he described as two “pilot zones” from which Israeli troops would withdraw from land they occupied during the war.
Israel describes that territory as a “security zone” or “buffer zone” where its troops can thwart Hezbollah attacks on northern Israel.
Lebanese President Joseph Aoun said the agreement should allow Lebanese to return to “fully liberated” land and rebuilt homes with “no partner” in its sovereignty.
Israel’s death toll from this round of hostilities with Hezbollah includes at least 32 soldiers and four Israeli civilians. Hezbollah does not release figures on its war dead. Reuters reported on May 4 that several thousand Hezbollah fighters had been killed in the war.
A State Department official told Reuters on Thursday that Israel had agreed to pull back from some of the territory it has occupied, something Israeli and Lebanese officials denied.
Before the talks resumed this week, Israel and Hezbollah agreed to halt fire even as Israel kept troops in southern Lebanon.
Violence has persisted since the ceasefire, with Israel saying on Friday its troops had struck and killed what the military described as seven Hezbollah members who were operating near the territory it is occupying. Reuters could not confirm this.
“To the degree that the Lebanese army performs in dismantling and disarming Hezbollah, we will proceed with additional pilot zones and the ultimate determination of an internationally recognized, secure, and agreed upon border,” Leiter told reporters after the signing.
Hezbollah lawmaker Hassan Fadlallah said Lebanese authorities would not be able to enforce the agreement unless, with U.S. support, “they go to civil war,” pro-Iranian broadcaster Al Mayadeen reported, read the report.
Hezbollah would confront any measure taken by Lebanese authorities and would hold on to its weapons even more, adding that the group’s opposition was “serious” and would not allow authorities to implement their commitments on the ground, Fadlallah said.
Israeli forces dropped leaflets over the southern Lebanese town of Mansouri on Friday ordering residents to leave, Lebanese state media reported, the first such order issued since the latest ceasefire between Israel and Hezbollah took effect.
A senior Lebanese military official said Israel had recently added Mansouri to its occupation zone. The official said Lebanese farmers had continued to enter and leave the town, but had not been living there.
An Israeli military spokesperson said the military issued what it described as a “reminder” to the civilian population that “the area is within the security zone in which (Israeli) soldiers operate. It’s a reminder not to be in the area so they won’t be harmed.”
World
Venezuela earthquake death toll rises to 188 as rescue efforts continue
According to officials, 138 aftershocks have been recorded since the twin 7.2- and 7.5-magnitude earthquakes struck late Wednesday, causing widespread destruction.
The death toll from the powerful earthquakes that struck Venezuela’s northern Caribbean coast has risen to 188, authorities confirmed on Thursday, as emergency crews continue search and rescue operations.
Jorge Rodriguez, President of Venezuela’s National Assembly, said 1,520 people have been hospitalized with injuries, while 157 people remain missing. Rescue teams are still searching for more than 200 people believed to be trapped beneath collapsed buildings.
According to officials, 138 aftershocks have been recorded since the twin 7.2- and 7.5-magnitude earthquakes struck late Wednesday, causing widespread destruction.
Rodriguez said 346 infrastructure sites sustained damage, including 250 buildings, 20 shopping centers, and eight hospitals, forcing authorities to transfer patients to other medical facilities.
The Venezuelan government has announced the establishment of a $200 million emergency reconstruction fund to support the rebuilding of damaged homes, hospitals, and other critical infrastructure.
Following the disaster, Acting President Delcy Rodriguez declared a national state of emergency, while tsunami warnings were issued across parts of the Caribbean region after the powerful earthquakes.
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