Chinese exporters are increasingly shifting their focus from U.S. tariffs to the intensifying conflict in Iran, which is now expected to dominate the agenda at the upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping.
The war in the region has cast a shadow over trade and supply chain discussions, with reports indicating that the two leaders will likely prioritize stabilizing the Strait of Hormuz.
The geopolitical tensions are already affecting, with energy and shipping sectors under pressure.
Analysts suggest that the summit's outcome could have significant implications for global trade routes and commodity prices.
The Strait of Hormuz, a critical chokepoint for oil shipments, remains a focal point of concern for both nations.
The summit is expected to address broader trade issues, including tariffs and rare earths, but these are likely to take a back seat to the immediate security concerns.