SITUATION REPORT

China, U.S.: Summit Prep Points to Limited Trade Accommodations, Taiwan Friction

May 13, 2026 | 16:38 GMT

As U.S. President Donald Trump landed in China, U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held roughly three hours of trade talks in South Korea aimed at preparing the summit agenda between Trump and Chinese President Xi Jinping on May 14-15, with topics including tariffs, semiconductors, rare earths, agriculture, aerospace, energy and the Iran conflict, Reuters reported on May 13....

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