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

Summary

The episode covers President Trump's upcoming summit with Xi Jinping in China amid the Iran war and Strait of Hormuz closure. It includes analysis of trade, tariffs, and geopolitical leverage, as well as domestic political topics like FDA resignation and redistricting battles.

• President Trump departs for a high-stakes summit with Xi Jinping in Beijing.
• The ongoing conflict with Iran and Strait of Hormuz closure weigh on oil prices and inflation.
• CPI data shows a 3.8% rise, the highest since 2023, driven by energy costs.
• Kevin Warsh is confirmed to the Fed Board of Governors, with his chair nomination pending.
• FDA Commissioner Marty Makary is expected to resign amid political crosscurrents.
• Redistricting battles in South Carolina, Alabama, and Virginia could shift House control.
• Nebraska's unusual Senate primary involves strategic candidate placements.
• Trade experts discuss the symbolism versus tangible deliverables from the Trump-Xi meeting.