Trump Lands in China with Top US CEOs for High-stakes Xi Summit amid Iran War and Trade Tensions
Moneylife Digital Team 13 May 2026
US president Donald Trump landed in Beijing on Wednesday for a high-profile state visit and summit with Chinese president Xi Jinping, amid mounting global tensions over the Iran conflict, trade disputes, artificial intelligence and Indo-Pacific security.
 
 
The visit, Mr Trump’s second trip to China in nine years, comes at a sensitive geopolitical moment, with Washington and Beijing attempting to stabilise relations despite ongoing friction over tariffs, Taiwan, technology restrictions and military influence in the Indo-Pacific.
 
Ahead of his arrival, president Trump confirmed in a post on Truth Social that several leading American business executives were accompanying him aboard Air Force One for the Beijing summit.
 
He also dismissed a report by CNBC claiming that Jensen Huang, chief executive of Nvidia, had not been invited to the trip.
 
“Jensen is currently on Air Force One and, unless I ask him to leave, which is highly unlikely, CNBC’s reporting is incorrect or, as they say in politics, FAKE NEWS!” Mr Trump wrote.
 
 
The US president described the delegation as an 'incredible gathering of the world’s greatest businessmen/women' and said he would urge Xi to 'open up' China further for American businesses.
 
President Trump’s delegation includes Elon Musk of Tesla and SpaceX, Tim Cook of Apple, Larry Fink of BlackRock, Stephen Schwarzman of Blackstone, Kelly Ortberg of Boeing, Jane Fraser of Citigroup, David Solomon of Goldman Sachs, Sanjay Mehrotra of Micron Technology and Cristiano Amon of Qualcomm, among others.
 
Mr Trump praised Mr Xi in his social media post, calling the Chinese leader 'a leader of extraordinary distinction' and saying he would request China to become more open to American business participation.
 
“We are the two superpowers,” Mr Trump told reporters before departing Washington. “We are the strongest nation on Earth in terms of military. China's considered second.”
 
He added that trade would dominate the discussions with Mr Xi 'more than anything else' and projected confidence in bilateral ties.
 
“My relationship with president Xi is a fantastic one,” president Trump says. “We have always gotten along and we are doing very well with China.”
 
The summit is expected to focus heavily on trade negotiations aimed at easing tariff-related tensions that have affected China’s exports to the US, estimated at more than US$525bn (billion) annually.
 
According to media reports, president Trump is seeking major commercial agreements during the trip, including expanded Chinese purchases of American agricultural products and aircraft. A report by The Guardian, says a potential deal involving 500 Boeing 737 Max aircraft could be announced during the visit.
 
President Trump also confirmed that Mr Xi is expected to visit the US later this year.
 
The Beijing summit is unfolding against the backdrop of the continuing US-Israel conflict with Iran and growing instability in the Gulf region. President Trump says he intended to discuss Iran with Mr Xi, although he insisted the US remained in control of the situation.
 
“Whatever he can do to help with it,” Mr Trump says when asked whether Mr Xi could play a role in resolving the Iran crisis. “They are defeated militarily and they will either do the right thing or we will finish the job.”
 
According to The Guardian report, US officials have privately urged China, one of Iran’s biggest oil buyers, to pressure Tehran to reopen the Strait of Hormuz and support efforts for a longer-term settlement.
 
China has publicly called for stability while criticising unilateral sanctions imposed by Washington on Chinese firms accused of assisting Iranian oil shipments and satellite-related operations.
 
The visit has also triggered concern among US law-makers over Washington’s approach towards Beijing, especially regarding Taiwan and Indo-Pacific security.
 
During a Senate appropriations subcommittee hearing, Republican leader Mitch McConnell warned that allies such as Taiwan, Japan and the Philippines were closely watching whether the US would maintain a firm position against China’s expanding military and economic influence.
 
US secretary of defence Pete Hegseth told lawmakers that the administration remained committed to protecting American strategic interests in the Indo-Pacific.
 
“American ships should sail freely,” Mr Hegseth says while referring to freedom of navigation in the South China Sea.
 
Senator Lindsey Graham accused China of financially supporting both Iran and Russia through energy purchases, while senator Chris Coons warned that China, Russia, North Korea and Iran were increasingly coordinating against US interests.
 
President Trump’s China visit is being closely monitored globally because of its potential implications for international trade, AI cooperation, Taiwan policy, global supply chains and energy security.
 
India is also expected to watch developments carefully, given the possible impact on Indo-Pacific stability, regional trade routes and broader geopolitical alignments.
 
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