Beijing Threatens To Cancel Trump-Xi Summit If US Approves New Arms Sales To Taiwan
Chinese President Xi Jinping used today's 18th BRICS Summit to push for a greater diplomatic role in Gulf affairs. The move appears to be transforming the bloc's economic weight into geopolitical influence, really positioning it as a counterweight to US foreign policy.
Beijing's leverage also rests on its control over rare-earth and other critical-material supply chains, as it maintains a "quasi-monopolistic" grip on the industry that will persist through the end of the decade.
Keeping that leverage in mind, Japanese news outlet Kyodo News reported that Beijing threatened earlier today to cancel the summit with President Trump in Washington if the US approves new arms sales to Taiwan.
Kyodo stated:
China has told the United States that it intends to cancel a planned meeting between their leaders later this month if Washington approves any new arms sales to Taiwan by then, multiple sources familiar with bilateral ties said Saturday.
U.S. President Donald Trump, apparently eager to showcase some diplomatic achievements ahead of November's midterm congressional elections, places great importance on holding the summit with Chinese President Xi Jinping.
While preparing for Xi's upcoming trip, China has restated its position that the Taiwan issue is a "red line" in bilateral relations, sources said.
The report comes ahead of Xi's planned summit with Trump at the White House on September 24. The threat is another obstacle for the administration as it seeks to maintain an already fragile diplomatic and trade truce amid worsening relations over the Gulf conflict.
Polymarket traders appear unfazed by the Kyodo report, with Xi still leading the "Who will Trump meet with in September?" market at 95% and odds showing little reaction to the reported threat.
https://www.zerohedge.com/geopolitical/beijing-threatens-cancel-trump-summit-if-us-approves-new-arms-sale-taiwan