1 big thing: Trump's East Asia priorities collide
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.
Go deeper: This time, China can fight back against tariffs, by Axios' Erica Pandey
2. What you missed
- Israeli PM Benjamin Netanyahu says he has evidence Iran lied about its intention to develop nuclear weapons. Details.
- T-Mobile could owe Sprint $600 million, in certain circumstances, if it decides to back away from the deal. More... The waiting game...
- Merger Monday is back with a vengeance, with more than $72 billion worth of deals announced in the telecom, energy, retail and real estate sectors. Axios' Dan Primack breaks it down.
- Amazon will be expanding its Vancouver offices and adding 3,000 new jobs, which is expected to open by 2022. More.
- 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.
- Scoop: The American Petroleum Institute plans to soon name Mike Sommers, a former high-level Capitol Hill aide, as its next president and CEO, according to multiple industry sources. Details.
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.