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The Fox News Rundown

Business Rundown: President Trump’s High-Stakes Trip To China

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 8 May 2026

⏱️ 26 minutes

🧾️ Download transcript

Summary

President Trump is set to head to Beijing where he will meet with Chinese President Xi Jinping next week. Michael Pillsbury is a Senior Fellow for China Strategy at the Heritage Foundation, author of “The Hundred-Year Marathon”, former Pentagon official and a FOX News Contributor. He joins FOX Business Network’s Lydia Hu to preview what conversations may take place at the summit, and what topics may be avoided or discussed with caution. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

The Fox True Crime Podcast presents a chilling new series.

0:04.4

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0:09.4

These are the cases where people try to outsource murder and the shocking ways those plots came undone.

0:14.3

Behind every scheme are real people, real decisions, and real consequences that changed lives forever.

0:20.0

Hitman, Murder for hire. New episodes

0:22.2

every Tuesday all May. Only on the Fox True Crime Podcast. Available at Fox Truecrime.com or wherever

0:28.0

you get your favorite podcasts. I'm Lydia Who and this is the Fox Business Rundown.

0:54.5

Friday, May 8th, 2026. All eyes on China. President Trump is heading to Beijing next week for a high-stakes meeting with Chinese President Xi Jinping as trade, global power, and national security collide.

0:59.4

What could come of it and what's really at stake for the United States?

1:01.7

For the summit, they both want a kind of stability.

1:03.6

It's not quite clear what that means.

1:08.2

Next week's trip marks President Trump's first visit to China since 2017.

1:14.5

Back then, the focus was cooperation. Now, the relationship is far more complicated. The world has weathered a global pandemic, a trade war, new tariffs, escalating tensions in the

1:20.9

Middle East, and an intensifying battle for global influence. China has pushed aggressively to expand its economic and military power,

1:29.6

while the U.S. works to maintain its position as the world's leading superpower. So where does

1:35.2

the U.S.-China relationship stand today? Are the world's two biggest powers heading toward

1:40.3

cooperation or confrontation.

1:44.2

This is not their first meeting.

1:46.6

They are experts on each other.

1:49.1

Michael Pillsbury is a senior fellow

1:51.0

for China Strategy at the Heritage Foundation,

1:54.0

author of the 100-year marathon,

...

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