Trump postpones trip to Beijing as Iran war delays China reset

President Donald Trump on Tuesday said he is postponing a highly anticipated trip to Beijing to meet with Chinese President Xi Jinping as the war with Iran upends U.S. foreign policy and delays an effort to ease tensions between the world’s two biggest economies.



"We are resetting the meeting ... We're working with China. They were fine with it," Trump told reporters in the Oval Office.



Trump had been set to travel to Beijing from March 31-April 2 for the first trip there of his 14-month-old second term. The trip will now take place in about five or six weeks, Trump said.



The postponed visit heightens uncertainty for markets and diplomacy alike, as the war with Iran has driven oil prices higher, threatened shipping through the Strait of Hormuz and sharpened investor focus on energy security.



The delay will also sideline talks to ease trade frictions between Washington and Beijing over Taiwan, tariffs, computer chips, illegal drugs, rare earths and agriculture -- each an issue of sometimes bitter tensions.