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Treasury Secretary Bessent stated that China will work behind the scenes to help reopen the Strait of Hormuz following President Trump's talks with President Xi during a two-day Beijing summit. This diplomatic cooperation could stabilize global energy shipping routes that transport approximately 20% of the world's oil supply.
President Trump arrived in Beijing with CEOs for highly anticipated meetings with Xi Jinping. This diplomatic engagement could significantly affect US-China tech trade relations and supply chain strategies for technology companies.