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US CEOs seek China business gains from Trump-Xi summit

The delegation is seeking regulatory relief and market access as companies with China exposure press for concrete business gains.

  • On Wednesday, President Donald Trump arrived in Beijing for a high-stakes summit with Chinese President Xi Jinping, accompanied by more than a dozen American executives seeking to resolve business issues with the world's second-largest economy.
  • The trip follows a six-week delay due to the Iran war, with Trump aiming to secure trade deals and press Beijing to 'open up' its markets as companies seek to address regulatory barriers and supply chain security.
  • After a direct request from Trump, Nvidia CEO Jensen Huang boarded Air Force One in Alaska to join the delegation, supporting U.S. economic priorities despite tensions over semiconductor export restrictions.
  • Payment giants Mastercard and Visa hope the summit will unlock regulatory approvals and market access, while Beijing seeks looser U.S. restrictions on chipmaking technology exports and signals impatience regarding Iran mediation.
  • Broader geopolitical tensions over Taiwan and the Iran conflict loom over talks as both nations maintain a fragile trade truce reached last October, while managing escalating U.S.-China competition in artificial intelligence.
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Right

Trump personally introduced to Xi Jinping 17 heads of major American companies participating in the mission - Among them were Tesla's Elon Musk, Nvidia's Jensen Huang and Apple's Tim Cook

Lean Right

The president of the United States is accompanied by Marco Rubio, Scott Bessent, Pete Hegseth, Jamieson Greer and a large delegation of CEO including Jensen Huang, Elon Musk and Tim Cook

·Milan, Italy
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Lean Left

In the delegation, in addition to Jensen Huang also Cook of Apple, Fink of Blackrock and Schwarzmann of Blackstone

·Turin, Italy
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Bloomberg broke the news in United States on Monday, May 11, 2026.
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