Bloomberg Television · Trump Faces Emboldened Xi in China | Balance of Power: Early Edition 5/12/2026

1. 1. President Trump's Beijing trip is complicated by the Iran conflict and domestic political challenges.
2. 2. April's CPI jumped 3.8%; a stable labor market reduces urgency for Fed rate cuts.
3. 3. China views the U.S. as weakened by tariffs, believing its rise is unstoppable.
4. 4. U.S. support for Taiwan's self-defense appears sidelined amid ongoing conflicts and domestic issues.
5. 5. The U.S. manages China summit expectations, prioritizing stability over major structural changes.