President Donald Trump will travel to Beijing on May 14–15 for a summit with Chinese President Xi Jinping after Washington postponed the trip in March amid combat operations with Iran. Xi is also expected to make a reciprocal visit to the U.S. later this year.
The visit includes a welcome ceremony, bilateral meeting, tour of China’s historic Temple of Heaven, and a state banquet, reported CNBC. Several U.S. business leaders are expected to join the trip, including Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk, Apple Inc. (NASDAQ:AAPL) CEO Tim Cook, and Boeing Co. (NYSE:BA) CEO Kelly Ortberg.
Here’s what could be on the table:
US To Push Energy Deal With China
U.S. LNG and crude oil exports to China took a hit when Beijing and Washington got entangled in a trade war in 2024. By 2025, the rhetoric escalated with Trump back in office, and the U.S.’s LNG exports to China fell to negligible levels, and crude oil shipments had stopped altogether.
China made up for the shortfall in U.S. oil supply by increasing imports from other countries, such as Canada and Brazil. Chinese companies also redirected U.S. LNG cargoes contracted for domestic use to Europe.
A deal for Beijing to boost U.S. energy purchases may be on the table, Reuters reported, citing U.S. officials.
Farm Trade Deal In Focus
China and the U.S. could announce a farm trade agreement during the summit that boosts Chinese purchases of U.S. grains and meat, though analysts do not expect significant new soybean …
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