Amy Morris

The White House says deals spanning aerospace, energy, and agriculture industries are expected from the president's meeting with Chinese leader Xi Jinping.

And Trump says he'll also discuss whether the U.S.

should continue arms sales to Taiwan.

Trump's comments could ruffle feathers in Congress, where a bipartisan group of senators urged the president to advance a $14 billion arms package for Taiwan.

In Washington, Amy Morris, Bloomberg Radio.

News when you want it with Bloomberg News Now.

I'm Amy Morris.

The ceasefire between the U.S.

and Iran is, quote, unbelievably weak after President Trump rejected Tehran's latest peace offer, which Trump called a piece of garbage.

President Trump also says he'll speak with a large group of generals regarding Iran today.

Bloomberg reporter Dan Williams is based in Jerusalem.

Bloomberg reporter Dan Williams on Bloomberg Intelligence.

And the United Arab Emirates has reportedly been secretly carrying out military strikes on Iran.

Sources tell the Wall Street Journal the UAE's involvement in the war has significant implications.

One analyst says Tehran will now aim to drive a wedge between the UAE and other Gulf Arabs.

trying to mediate an end to the war, while Iran says it has deployed small submarines to act as an invisible guardian of the Strait of Hormuz amid that rejected peace deal with the U.S.

And the cost of crude on the rise.

Senior analyst Salih Yilmaz with Bloomberg Intelligence.

Salih Yilmaz with Bloomberg Intelligence.

WTI now more than $98 a barrel and Brent crude topping $104 a barrel.