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1 big thing: Trump's East Asia priorities collide

Illustration: Sarah Grillo / Axios

President Trump's desire to muscle the Chinese on trade is about to collide with his need for them to push Kim Jong-un on a nuclear weapons deal.

The latest: Trump's trade delegation to China this week will reportedly be rebuffed on cutting the trade deficit and any cuts to the China 2025 industrial program, reports the NYT's Keith Bradsher.

  • "Beijing feels its economy has become big enough and resilient enough to stand up to the United States."
  • Axios China author Bill Bishop emails: "The question is will Trump huff and puff, and then fold into a face-saving hollow 'victory,' or is China different? I'm guessing the latter..."

The big picture: The Chinese could be a powerful ally in getting the North Koreans to take negotiations seriously.

  • But if trade talks have fallen apart before Trump meets with Kim Jong-un, the U.S. could lose the ability to promise the Chinese better trade conditions in exchange for help on the North Koreans.
  • Remember: The North Koreans have a history of promising concessions early, only to eventually demand so much that the South Koreans and Americans walk away.

Why it matters: These incentives potentially play against Trump's maximalist negotiating style, as Axios' Jonathan Swan reported yesterday in his scoopy Sneak Peek newsletter.

Go deeper: This time, China can fight back against tariffs, by Axios' Erica Pandey

2. What you missed

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  5. Juggernaut: House Minority Leader Nancy Pelosi raised $16.1 million in the first quarter of the year, including $15.4 million specifically for the DCCC. Details.
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3. 1 fun thing

Worthy of your time: Variety's Rebecca Rubin uses the "Infinity War" release to break down the absolute dominance of the Marvel franchise.

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