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Trump will depart for Beijing in just under a week, alongside a delegation of U.S. CEOs primed to stake out deals with the country’s geopolitical rival.

President Donald Trump (left) and Chinese President Xi Jinping shake hands after their U.S.-China summit meeting at Gimhae International Airport in Busan, South Korea, on Oct. 30, 2025. | Mark Schiefelbein/AP

The State Department this week sanctioned three Chinese companies it accused of aiding Iran in its war against the U.S., the latest in the back-and-forth between the two countries just days before President Donald Trump will meet with China’s leader Xi Jinping in a high-stakes confab in Beijing.

The agency accused the firms — Meentropy Technology (Hangzhou) Co. Ltd, The Earth Eye and Chang Guang Satellite Technology Co., Ltd. — of “providing satellite imagery that enables Iran’s military strikes against U.S. forces in the Middle East,” according to a fact sheet Friday.