Nixing the Iran deal would be a boon to China
May 12 is the next deadline for the U.S. to renew the sanction waivers key to the Iran nuclear deal. President Trump, who has long expressed disdain for the deal, may take the date as an opportunity to withdraw.
Why it matters: Trump's objections to the deal appear to be primarily diplomatic. But beyond its negative implications for nonproliferation, withdrawal would also have a significant impact on world trade and would bolster China's fortunes as an economic superpower.