The Latest: Trump rejects Iran’s latest response to ceasefire proposal ahead of his trip to China
May 11, 2026, 5:23 AM
President Donald Trump speaks to reporters as he walks to board Marine One on the South Lawn of the White House, Friday, May 8, 2026, in Washington. (AP Photo/Jose Luis Magana)
Credit: ASSOCIATED PRESS
(AP Photo/Jose Luis Magana)
Iran and the United States reached an impasse again Monday over how to end their war while their ceasefire grew increasingly shaky, with the two sides exchanging fire in recent days, ships and Gulf states being targeted, and fighting flaring between Israel and the Lebanese militant group Hezbollah.
President Donald Trump said Sunday that Iran’s response to his latest proposal was “TOTALLY UNACCEPTABLE!”
Also, Trump will travel to Beijing this week for a rescheduled summit with Chinese President Xi Jinping. But Beijing’s deep economic ties to Iran, as well as trade tensions over tariff threats stretching back to Trump’s first term, could crimp the meeting, even though the Republican president has for years effusively praised Xi.
Here’s the latest:
Pro-democracy activist Jimmy Lai once hoped Trump could help stop the imposition of a controversial national security law. The law not only took effect but was also used to sentence him to 20 years in prison.
Ahead of an anticipated trip by Trump to Beijing to meet Chinese President Xi Jinping next week, Lai’s son said his family is now hoping that Trump can help secure his father’s release.
Lai, a prominent critic of Beijing, founded a pro-democracy newspaper that was shut down during a crackdown following the city’s massive anti-government protests in 2019.
Trump is expected to discuss trade, the Iran war and Taiwan with Xi. But he said he is also planning to bring up Lai, telling conservative radio host Hugh Hewitt, “there’s a little bitterness, I would say, with him and Jimmy Lai.”
Lai’s son says his family is hopeful that Trump could help, adding that it’s easier to resolve than many of the other complex geopolitical issues the leaders will discuss.
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World shares were mixed Monday after Wall Street set more records, and oil rose more than 2% following U.S. President Donald Trump’s rejection of Tehran’s response to the latest U.S. proposal on ending the war in Iran.
U.S. futures edged less than 0.1% lower.
In early European trading, Britain’s FTSE 100 gained 0.2% to 10,253.99. Germany’s DAX fell less than 0.1% to 24,328.17, and France’s CAC 40 lost 0.8% to 8,049.31.
In Asia, Tokyo’s Nikkei 225 fell 0.5% to 62,417.88 after briefing reaching another record high in intraday trading at above 63,300. Technology-focused investment holding company SoftBank Group, one of Japan’s largest stocks, fell more than 6%.
South Korea’s Kospi gained 4.3% to 7,822.24. It also hit an all-time intraday high, led by gains from tech-related stocks including Samsung Electronics and memory chipmaker SK Hynix.
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Long before this week’s trip to China, Trump was already predicting on social media that Xi Jinping would “give me a big, fat hug when I get there.”
But Beijing’s deep economic ties to Iran, as well as trade tensions over tariff threats stretching back to Trump’s first term, could crimp the good feelings when Trump flies to Beijing this week — even though the Republican president has for years effusively praised Xi, making it clear he sees China’s leader as a competitor strong enough to warrant his respect and admiration.
China’s Foreign Ministry spokesperson Guo Jiakun said that Beijing is willing to work with the U.S., based on equality and mutual respect, to expand cooperation, manage differences, and add stability to a turbulent world. The diplomacy between the leaders “plays an irreplaceable strategic guiding role” in the bilateral relation, he said.
There will be plenty of ceremonial splendor, but the grandeur is not expected to rival Trump’s first visit to China in 2017, which Beijing dubbed a “state visit-plus.”
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Trump, in his return to the White House, has demonstrated greater ambivalence toward Taiwan, an approach that is raising questions ahead of this week’s summit with Xi Jinping about whether the U.S. leader could be open to dialing back support for the island democracy that Beijing views as its breakaway province.
Trump in December authorized an $11 billion arms package for Taiwan — the largest weapons sale ever to the island — but has not yet moved forward with delivery and even acknowledged that he’s discussed the sale with Xi. He’s groused that Taiwan “stole” America’s semiconductor business and called on Taiwan to pay the U.S. for protection.
All the while, Trump has, with the threat of hefty tariffs, prodded Taipei to agree to massive investments in U.S. semiconductor manufacturing and to purchase billions of dollars’ worth of U.S. liquefied natural gas and crude oil.
His rhetoric is fueling speculation in Beijing, Taipei and Washington about America’s commitment to help the island defend itself.
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Iran and the United States reached an impasse again Monday over how to end their war while their ceasefire grew increasingly shaky, with the two sides exchanging fire in recent days, ships and Gulf states being targeted, and fighting flaring between Israel and the Lebanese militant group Hezbollah.
The volatility could tip the Middle East back into open warfare and prolong the worldwide energy crisis sparked by the conflict, with Iran’s chokehold on the Strait of Hormuz and America’s blockade of Iranian ports still in place. Trump is expected to use a trip this week to China to urge Chinese President Xi Jinping to pressure Iran into making concessions and end the current limbo. Beijing is the biggest buyer of the Islamic Republic’s sanctioned crude oil, giving it leverage.
Trump said Sunday that Iran’s response to his latest proposal was “TOTALLY UNACCEPTABLE!” Ending the blockade before discussing Iran’s nuclear program would eliminate a major point of leverage for Trump in the talks.
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