Trump's China visit and ongoing Iran war are bad news for American consumers, Taiwan's security, and US leverage abroad.

• Trump went to China, was flattered by Xi, and gave ground on trade, spying, and Taiwan defense without getting much back.
• Trump publicly said the US doesn't need the war in Iran and is fighting it for Israel and the Gulf states.
• Gas in Los Angeles is already around $7 a gallon and global emergency oil supply is dropping fast because the Strait of Hormuz is closed.
• Food, flights, and basic goods are climbing too, with coffee, tomatoes, and airfares all up sharply.
• Somali pirates are back, hijacking ships as cargo reroutes around Africa, adding more cost and delay.
• Trump refused to commit to defending Taiwan or selling it weapons, which weakens decades of US policy and could invite China to tighten its grip.

Outlook: If the US re-attacks Iran in the coming days, oil could push past $150 a barrel, food and gas prices will spike further, and political backlash at home will grow.