US, China discuss possible 'Board of Trade' to manage economic ties | East Asia Tonight (May 1)

Top US and China trade officials hold "candid" talks ahead of President Donald Trump's planned trip to Beijing in about two weeks. Also on East Asia Tonight: Trump administration says hostilities in Iran "terminated" under war powers law, amid a debate on whether Congress needs to approve an extension of military operations. Meanwhile, in South Korea, 'Workers' Day' is rebranded back to 'Labor Day'.

00:00 Headlines
01:58 US and China officials get candid ahead of Trump-Xi summit
05:40 Panama says it is "being carried along like a tide" amid US-China tensions
07:36 Trump has until midnight to secure congressional approval or stop Iran war
09:14 Japan releases additional oil reserves
10:15 Japan PM Takaichi kicks off five-day visit to Vietnam, Australia
20:56 A look at major oil crises in history
32:44 Japan's Kashiwazaki-Kariwa nuclear plant resumes after over 14 years
34:52 May Day rallies across Asia