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Iran focus at Trump-Xi summit may delay progress on tariffs, rare earths

CNBC · May 8, 2026, 12:56 AM · Also reported by 4 other sources

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  • BEIJING — The Iran war is likely to take center stage in the summit between U.S.
  • Treasury Secretary Scott Bessent has already said that Iran will be a topic in the meetings, which are due to take place May 14 and 15.

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BEIJING — The Iran war is likely to take center stage in the summit between U.S. President Donald Trump and China's Xi Jinping, leaving less scope to resolve issues like tariffs and rare earth supplies.

U.S. Treasury Secretary Scott Bessent has already said that Iran will be a topic in the meetings, which are due to take place May 14 and 15. And earlier this week, China hosted Iran's foreign minister for the first time since the war began in late February -- raising hopes for a peace deal, sending oil prices lower and fueling stock-market gains.

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