Alan Rappeport

The summit between President Trump and China’s top leader, Xi Jinping, in Beijing this week is likely to include tense discussions about tariffs, Taiwan, Iran and sanctions. But simmering below

As the government has been devising plans to reinforce use of the dollar, including currency “swaps,” China has been making its own moves to increase global influence of the renminbi.

Here’s what to know about the biggest sources of tension in U.S.-China relations before the first summit in Beijing in nine years between the nations’ leaders.

President Donald Trump arrives at Beijing Capital International Airport in Beijing, China, on Wednesday, May 13, 2026, for a two-day summit with ChinaÕs leader, Xi Jinping.

WASHINGTON – A hallmark of President Donald Trump's second term has been his penchant for negotiating economic deals with countries that pledge to invest trillions of dollars in the United States.

By WASHINGTON — A hallmark of President Donald Trump's second term has been his penchant for negotiating economic deals with countries that pledge to invest trillions of dollars in the United States.

Top policymakers were expected to discuss rising energy prices and sanctions policy at a critical summit in Paris this week.

Live Updates: DOJ Sets Up Fund That Could Pay Trump Allies After President Drops $10 Billion Suit Against IRS

The United States and Europe were at odds over the Trump administration’s decision to ease oil sanctions on Russia.