US says President Xi keen on shopping for American oil, however China silent

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US says President Xi keen on shopping for American oil, however China silent | World Information

2 min learnUp to date: Could 14, 2026 04:05 PM IST

Chinese language President Xi Jinping expressed curiosity in shopping for extra US oil as a way to cut back Beijing’s dependency on the Strait of Hormuz throughout talks with President Donald Trump on Thursday, White Home said in a readout of the assembly.

Conflicting reviews and official silences

Nevertheless, there wasn’t any point out of shopping for oil within the Chinese language abstract of the assembly printed later by Beijing’s state media, Related Press reported.

Historic import volatility

China, which is the biggest importer of oil on the earth, doesn’t import a lot of its crude requirement from the USA. The AP report said that Beijing’s import of Washington’s oil soared to 395,000 barrels per day in ‌2020, which was China’s 4 % of complete crude imports.

President Donald Trump participates in a welcome ceremony with China’s President Xi Jinping on the Nice Corridor of the Individuals in Beijing. (AP Photograph)

Earlier than Trump returned to workplace in 2024, China’s crude import from US fell to 193,000 barrels per day, which was value $6 billion.

Commerce struggle impacts and present standstill

After the Trump administration imposed a 20 % import tariff final 12 months throughout its commerce struggle, China has not imported any US oil since Could 2025.

On the state banquet for Trump on Thursday, Xi Jinping stated that “China and US ought to turn into companions, not rivals.” Jinping added, “We should always collectively promote nice ship of China-US relations alongside the proper path” and that “We each imagine Beijing-Washington ties are crucial bilateral ties on the earth.”

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