Tracey Mumford

The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

From The New York Times, it's The Headlines.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

I'm Tracey Mumford.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

Today's Thursday, May 14th.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

Here's what we're covering.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

In Beijing this morning, President Trump was welcomed with a 21-gun salute as Chinese President Xi Jinping greeted him for the start of their high-stakes summit.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

The meeting marks the first visit to China by a U.S.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

president in nearly a decade.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

And in their opening remarks, both leaders stressed the importance of U.S.-China cooperation.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

But hanging over that relationship, and this week's talks, are longstanding clashes over trade and Taiwan, as well as a new source of tension, the war in Iran.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

Iran is China's closest partner in the Middle East, and the country buys about 80% of Iran's oil exports.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

Since the beginning of the war, China has given Iran intelligence, plus access to a spy satellite that has tracked the positions of U.S.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

forces in the region.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

And just as Trump was flying to China, the Times learned from U.S.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

officials that Chinese companies have been discussing selling weapons to Iran.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

No Chinese weapons seem to have been used on the battlefield yet, but the American officials say the plan would be to send the weapons via third-party countries to hide the fact that they're coming from China.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

Whether President Trump will bring any of that up on this visit, though, and pressure China over its support for Iran is an open question.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

He seems eager to keep the U.S.

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The Headlines

China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot

relationship with China stable rather than stirring up conflict.