Trump and Xi meet in Beijing this week with massive stakes for global markets.

Trump and Xi meet in Beijing this week with massive stakes for global markets. The May 13-15 summit will address trade tensions, rare earth export controls, Taiwan, and artificial intelligence. Outcomes could reshape supply chains and tariff policies affecting economies worldwide. Taiwan remains the highest-risk issue, with China demanding reduced US security commitments while Washington continues arms sales to Taipei. Markets are watching closely for any shifts in US tariffs on Chinese goods, which could ripple through Southeast Asian production and impact Japanese and European trade positions. Agreement on energy purchases or trade deals could significantly alter market share globally. China seeks predictability on tariffs and relief from US investment restrictions. The Iran situation adds urgency to discussions.