James Kynge

Welcome to Profit View Markets.

Thanks a lot, Ed.

Great to be with you.

I think that, obviously, the two sides are hoping for different things.

For Trump, I think this summit is all about three Bs and one I. The three Bs are beans, beef, and Boeing jets.

Those are the big deals, I believe, that the Trump delegation is hoping for.

And the I, of course, is Iran.

I think that the White House...

is understood to be kind of needing Chinese acquiescence, if not assistance, in pressuring Iran to unblock the Strait of Hormuz and try to end the war.

So to me, that's the kind of crystallization of what the US side is looking for.

The Chinese side

Well, these summits for China are all always about Taiwan.

Beijing will be hoping that either Trump will say something big on Taiwan that moves the U.S.

closer to China's position on Taiwan, and particularly whether Taiwan is an independent country, which Beijing strongly objects to, or not.

So Taiwan, I think, will be there.

And also, I think that China will be hoping that access into the US market will be smoother for lots of Chinese companies.

And I think the last thing is more of a kind of mood music thing, but an important one.

To me, the Chinese want to give Trump face to...

so that the US in the future doesn't turn vengeful again against China.

So to me, those are the outlines of what either side is looking for.