Trump claims China will buy U.S. oil as Beijing talks push for wins

1 min read
Source: CNBC
Trump claims China will buy U.S. oil as Beijing talks push for wins
Photo: CNBC
TL;DR Summary

At a Beijing summit, Trump said China has agreed to buy American oil and will send Chinese ships to U.S. ports as part of efforts to secure concrete trade wins, while China would help with Iran talks and oppose military aid to Tehran; Xi is said to want the Strait of Hormuz open and toll-free. U.S. crude exports to China have fallen about 95% since 2023, and China remains Iran’s major oil buyer. Beijing and Washington reportedly reached a series of consensuses to pursue constructive stability for the next three years, with a closing meeting planned.

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