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Foreign Policy Live

Trump, Xi, and a New Balance of Power

Foreign Policy Live

Foreign Policy

News, Politics, News Commentary

4.1622 Ratings

🗓️ 19 May 2026

⏱️ 48 minutes

🧾️ Download transcript

Summary

U.S. President Donald Trump arrived in Beijing for his meeting with Chinese President Xi Jinping to great fanfare but left with little to show for it. What does the Trump-Xi summit reveal about the balance of power between the world’s two biggest economies? Rana Mitter, a top historian of China, joins FP Live to discuss where the world’s most important relationship is headed. Plus, Ravi shares his read on why the Iran war may be Trump’s greatest failure.  Ravi Agrawal: Iran Could Be Trump’s Greatest Failure James Palmer: The Trump-Xi Summit Was Remarkably Banal Fareed Zakaria: Trump’s China Pragmatism Is Welcome Stephen M. Walt: Chinese Hegemony Might Be Happening James Palmer: China Doesn’t Always Win When the U.S. Loses Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

A lot of work advice sounds good in theory, but falls apart when you actually try to use it.

0:05.1

I'm on a mission to change that. I'm Molly Graham, a company builder and the new host of

0:10.1

WorkLife, a podcast from TED. I've spent my career inside fast-growing companies, and one thing I know

0:15.5

for sure is that work is messy. In this new season, I'm excited to share my conversations with founders,

0:21.9

operators, and creatives about the real story behind their shiniest successes, the lessons

0:27.7

that no one ever posts on LinkedIn. Listen now on work life wherever you get your podcasts.

0:35.0

Hi, I'm Ravi Agrawal, Foreign Policies Editor-in-Chief. This is FP Live.

0:44.3

Donald Trump's big visit to China, the first by a U.S. president in nine years, has now concluded.

0:51.6

What was achieved and what pitfalls were avoided? This week, I will speak

0:55.8

with a top historian of China to tell us where the world's most consequential relationship is headed.

1:02.5

That's coming up in a moment, but first, here's my read on something that came up in the U.S.

1:07.9

China summit, but not to much effect. Iran. We know that Trump wanted

1:13.9

Chinese President Xi Jinping to broker a peace deal between Washington and Tehran. It didn't happen.

1:20.3

Now, I'm sure China wants the war to end, but I also don't see why it would go out of its

1:25.9

way to get Trump out of a big mess of his own making.

1:29.8

I wrote about this in FP this week.

1:32.3

The evidence just keeps on growing that the Iran conflict is disastrous for Trump.

1:38.2

And no matter how it now ends, the pain for Trump for the United, and for the entire global economy will go on

1:45.9

for some time.

1:47.4

To what end?

1:49.9

We've talked about how key objectives in Iran simply haven't been met.

1:54.0

Yes, many leaders, including Supreme Leader Ali Khamenei, were killed.

...

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