Trump Arrives in China Facing New Economic Pressure at Home
Speakers
Annmarie Hordern
— Reporter, Bloomberg
Summary
Bloomberg's Annmarie Hordern reports from Beijing as President Trump arrives for a summit with Xi Jinping. New US PPI data shows inflation rising, putting domestic pressure on the administration. She notes the White House could ask China to release crude oil stockpiles to ease oil prices.
- PPI data shows US inflation rising 6% year-over-year.
- Trump administration faces domestic economic pressure.
- China holds 1.4 billion barrels of crude oil in stockpiles.
- Potential US request for China to release oil to ease prices.
- Strait of Hormuz and Iranian tensions are also factors.
