Trade and tech dominate US-China summit

Thursday 21st May 2026 02:24 EDT
 

US President Donald Trump left Beijing after a two-day summit describing the outcome as “fantastic trade deals” for both countries, although few details were disclosed.

Trump met Chinese President Xi Jinping during a high-profile visit with a US business delegation from key sectors including agriculture, aviation, EVs and AI chips, where trade and tariffs dominated discussions. The visit included strong diplomatic symbolism and mutual invitations for future meetings, but no major trade breakthroughs were announced.

Trump later claimed China agreed to buy 200 Boeing aircraft, with a possible additional order of 750 jets, along with large soybean purchases, though Beijing did not confirm these deals and reiterated stable trade ties.

The White House said a new “Board of Trade” would be set up to manage US–China relations, while officials noted further work is needed before any decisions are finalised. Talks also covered AI, semiconductors and EVs, but no concrete agreements were reached.

US–China trade tensions continued to affect American farmers, especially soybean, beef and poultry exporters, with Washington reporting progress while Beijing did not confirm new deals.

Discussions also included market access and potential Chinese investment in the US, with Xi Jinping saying China would further open its economy and deepen cooperation, describing ties as mutually beneficial.

Taiwan remained a major point of tension, with Xi warning of serious consequences if mishandled, even as both sides referred to a “new positioning” in relations.

The talks also touched on the Middle East, including the Iran conflict and the Strait of Hormuz, with the US seeking China’s support for stability while Beijing called for a ceasefire and reopening of shipping routes.

Indian-origin CEO among top US executives in Xi meeting

India-born semiconductor executive Sanjay Mehrotra accompanied US President Donald Trump on a high-profile visit to China, becoming the only Indian-origin business leader in a select delegation of top American CEOs meeting Chinese President Xi Jinping.

He joined prominent executives including Tim Cook of Apple, Elon Musk of Tesla, Larry Fink of BlackRock, and Jane Fraser of Citigroup.

Born in Kanpur in 1958, Mehrotra is a leading figure in the global semiconductor industry and currently serves as CEO of Micron Technology, a major memory chip manufacturer. He previously co-founded SanDisk and led it until its acquisition by Western Digital in 2016 before taking over Micron in 2017.


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