Trump Lands in Beijing for Summit Amid $29 Billion Iran War

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ByOlivia Kendall

May 13, 2026

President Trump arrives in China seeking a Hormuz breakthrough as the Pentagon defends rising war costs and Tehran demands reparations in a stalled ceasefire.

President Donald Trump arrived in Beijing on Wednesday for a pivotal summit with President Xi Jinping, marking a critical test for his administration’s realist foreign policy. Accompanied by a delegation including Elon Musk and Tim Cook, the President was met with a lavish red-carpet reception. The visit follows his May 11 declaration that the Iran ceasefire is on life support after he rejected Tehran’s latest proposal. The administration now looks to Beijing to use its influence to stabilize global energy markets and address the ongoing blockade of the Strait of Hormuz.

The strategic landscape is increasingly strained. The Pentagon estimated the cost of the Iran war at $29 billion as of May 12, 2026. Defense Secretary Pete Hegseth testified on Capitol Hill this week, facing scrutiny over economic shocks caused by the Hormuz closure. Despite the costs, Hegseth maintained that the U.S. possesses ample munitions for sustained engagement. However, Senate Republicans have cautioned against further military strikes in regions like Cuba, citing the military’s heavy commitment to the Iranian theater.

Tehran’s peace terms remain a significant hurdle. Through Pakistani intermediaries, Iran issued five final conditions: an end to the war, lifting sanctions within 30 days, releasing frozen assets, paying war reparations, and recognized sovereignty over the Strait of Hormuz. The administration’s rejection of these terms underscores its ‘peace through strength’ doctrine, even as international critics argue the lack of a formal NATO-led strategy risks long-term instability. Some economists have urged direct NATO intervention to provide a unified front against Iranian demands.

Relations with European allies remain complex. The President recently pulled 5,000 U.S. troops from Germany following a dispute with Chancellor Friedrich Merz. While intended to pressure Europe into the Iran conflict, the move has not yet persuaded allies to join the war effort. To signal continued commitment to the region, the Pentagon disclosed an Ohio-class submarine, likely the USS Alaska, in Gibraltar. This deployment reinforces American naval reach while terrestrial troop levels in Europe fluctuate.

In Beijing, Trump is expected to seek a deal to reopen vital shipping lanes, which recently saw a minor breakthrough with the transit of two empty Qatari LNG tankers. He also pledged to raise the imprisonment of Jimmy Lai, balancing human rights with the pragmatic necessity of Chinese cooperation. This summit differs from his 2017 visit, as the U.S. now navigates a multi-front crisis involving Russian energy claims and Middle Eastern volatility.

Domestically, the administration faces secondary challenges. FBI Director Kash Patel recently denied allegations of professional misconduct, and the resignation of FDA head Marty Makary has added to the sense of a government in flux. Even domestic projects have seen rising costs, with Lincoln Memorial Reflecting Pool repairs reaching $13.1 million. As the President negotiates in China, the administration is attempting to prove its bilateral, realist approach can resolve a global stalemate and protect American interests.

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