China’s Growing Leverage Over the U.S., and How Oil Companies Hit the Jackpot
The Headlines
The New York Times
4.3 • 630 Ratings
🗓️ 14 May 2026
⏱️ 10 minutes
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| 0:00.0 | From the New York Times, it's the headlines. |
| 0:05.0 | I'm Tracy Mumford. |
| 0:06.0 | Today's Thursday, May 14th. |
| 0:07.8 | Here's what we're covering. |
| 0:17.8 | In Beijing this morning, President Trump was welcomed with a 21-gun salute. |
| 0:22.7 | As Chinese president, Xi Jinping, greeted him for the start of their high-stakes summit. |
| 0:27.6 | Such respect for China, the job you've done, you're a great leader. I say it to everybody. |
| 0:32.8 | You're a great leader. |
| 0:34.0 | The meeting marks the first visit to China by a U.S. president in nearly a decade. And in their |
| 0:39.3 | opening remarks, both leaders stressed the importance of U.S. China cooperation. |
| 0:44.7 | We've gotten along when there were difficulties. We worked it out. I would call you and you |
| 0:49.5 | would call me. But hanging over that relationship and this week's talks are long-standing clashes over trade and Taiwan, as well as a new source of tension, the war in Iran. |
| 1:01.6 | Iran is China's closest partner in the Middle East, and the country buys about 80 percent of Iran's oil exports. |
| 1:09.0 | Since the beginning of the war, China has given Iran intelligence, |
| 1:12.9 | plus access to a spy satellite that has tracked the positions of U.S. forces in the region. |
| 1:18.2 | And just as Trump was flying to China, the times learned from U.S. officials that Chinese |
| 1:23.5 | companies have been discussing selling weapons to Iran. No Chinese weapons seem to have been used |
| 1:29.2 | on the battlefield yet, but the American officials say the plan would be to send the weapons via |
| 1:34.0 | third-party countries to hide the fact that they're coming from China. Whether President Trump |
| 1:39.8 | will bring any of that up on this visit, though, and pressure China over its support for Iran, |
| 1:45.5 | is an open question. He seems eager to keep the U.S. relationship with China stable, |
| 1:51.3 | rather than stirring up conflict. And, notably, the war in Iran has actually tied the U.S. |
... |
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