President Donald Trump and Chinese President Xi Jinping held a two-hour bilateral meeting Thursday morning in Beijing, covering Iran’s nuclear program, Taiwan, the Strait of Hormuz, trade, and technology. The White House characterized the session as “good.”

During private discussions, Xi Jinping warned Trump that U.S.-China relations could descend into clashes or conflicts if Taiwan’s status is not managed properly. He stressed that stable bilateral ties are essential for global security and that the two nations should be partners rather than rivals.

Trump highlighted his personal rapport with Xi and expressed U.S. eagerness to engage in trade with China. The leaders also publicly agreed that Iran must never acquire nuclear weapons and that the Strait of Hormuz must remain open—a position aligning both countries on critical issues impacting global energy markets and Middle Eastern stability.

Treasury Secretary Howard Lutnick reported that Chinese officials explicitly oppose militarizing the Strait of Hormuz or implementing tolling systems there, a stance significant given China’s vulnerability to Gulf instability.