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Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown

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May 3, 2025

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In this episode of The PDB Situation Report:

• New signs of strain in the U.S.–China tariff war as Beijing weighs potential off-ramps amid economic fallout. Steve Yates from The Heritage Foundation joins us to explain China’s possible next moves.

• The fourth round of nuclear talks between the United States and Iran has been postponed—officially due to “logistics.” Former Deputy Assistant Secretary of Defense Frank Gaffney offers his take on what’s really behind the delay.

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The PDB Situation ReportSteve YatesThe Heritage FoundationUnited StatesFormer Deputy Assistant SecretaryDefense Frank GaffneyThe Presidents Daily BriefPDBPremiumcom Please

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Economic Pain in Beijing & U.S.–Iran Negotiation Breakdown · The Presidents Daily Brief · Sentinel