Trump and Xi Ended With a Trade Board, Iran Kept Hormuz on Permission Slips
The summit built trade machinery while Iran kept the strait's operating verb, and the ships still answer to permission slips.
The news. The narrative. The timeline.
Bureau: Beijing
The summit built trade machinery while Iran kept the strait's operating verb, and the ships still answer to permission slips.
Jensen Huang's Beijing seat matters only if H200 approvals become shipments Chinese customers can actually receive.
The summit did not produce one hierarchy of danger; Beijing led with Taiwan while Washington led with Hormuz.
The export-control headline is approval; the market-access question is whether any Chinese customer actually receives the chips.