00:00President Trump has landed in Beijing for a high-stakes summit with Chinese President Xi Jinping.
00:05And the fate of Taiwan, the Iran War, and America's economic future are all on the table.
00:12U.S. officials have pressed China to use its influence over Iran to help reopen the Strait of Hormuz,
00:19which has kept oil prices above $100 per barrel.
00:22But analysts say Beijing will demand a serious concession in return.
00:26And the most likely one is the $14 billion Taiwan arms package currently sitting unsigned on Trump's desk.
00:33China is expected to push Trump not to proceed with the weapons sale,
00:37which would significantly upgrade Taiwan's military capabilities.
00:41If Trump agrees, analysts warn it could signal to Beijing, and to Taiwan,
00:47that U.S. security commitments to the island are negotiable.
00:50If Trump refuses, China will almost certainly withhold pressure on Iran,
00:55keeping Hormuz closed.
00:57And American gas prices elevated through summer.
01:00This is not an ordinary diplomatic meeting.
01:03Every American paying $4.39 for gas has a stake in what happens in Beijing today.
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