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Libya Press
US President Donald Trump and Chinese President Xi Jinping wrapped up a high-stakes two-day summit in Beijing on May 15, 2026, describing the talks as "very successful" and "historic," yet neither side announced concrete trade breakthroughs or binding agreements. The meeting, the first US presidential visit to China in nearly a decade, covered tariffs, Taiwan, the Iran war, AI cooperation, and a potential landmark Boeing deal.
Trump arrived in Beijing on Wednesday accompanied by a high-profile business delegation including Tesla CEO Elon Musk and Nvidia CEO Jensen Huang, signaling the economic weight of the visit. The summit took place inside the Great Hall of the People, and Xi later took Trump on a rare tour of Zhongnanhai, the exclusive compound where China's top Communist Party leaders live and work.
Trump told reporters aboard Air Force One that China agreed to purchase 200 Boeing jets with a potential commitment for an additional 750 planes — which would mark Boeing's first major Chinese deal in nearly a decade. He also claimed China would buy "billions of dollars" of American soybeans. However, Beijing has not confirmed any of these deals. The White House announced both leaders agreed to establish a "Board of Trade" to manage the economic relationship without reopening tariff negotiations.
On technology, Trump said the two sides discussed establishing AI "guardrails" for cooperation. Nvidia's Huang, who joined the delegation last minute, was prominent throughout the visit, fueling speculation that semiconductor access was a central topic. US Treasury Secretary Scott Bessent said he expected progress on a mechanism to support future bilateral investment.
Xi Jinping opened the meeting with a striking warning, invoking the "Thucydides Trap" — the theory that rising powers and established ones are destined for conflict. "Can China and the United States overcome the Thucydides trap and create a new paradigm of major country relations?" Xi asked, framing the stakes as vital to "the well-being of our two peoples and the future of humanity."
Trump struck an optimistic tone, saying "the relationship between China and the USA is going to be better than ever before" and calling Xi "a friend." He described the summit as "maybe the biggest summit ever." Chinese state media called the visit "historic and landmark," while Xi told US business leaders that China's "doors will open wider" for American firms.
However, analysts noted the gap between rhetoric and results. "There were plenty of choreographed ceremonies but no trade breakthroughs," said the BBC's Asia business correspondent Suranjana Tewari. Beijing's foreign ministry spokesperson Guo Jiakun offered only a cautious statement about "mutual benefit and win-win cooperation."
The most sensitive fault line remains Taiwan. Xi explicitly warned that the "Taiwan question is the most important issue in China-US relations" and that mishandling it could lead to "clashes and even conflicts." Beijing linked Taiwan to the broader economic relationship this time, raising the stakes for future negotiations.
The tariff truce agreed in October 2025 remains fragile and is set to expire in November 2026. Surprisingly, Trump said tariffs were not discussed at all during the summit. Both sides face domestic pressures — American farmers hurt by last year's tariff war, and Chinese exporters facing uncertainty over US market access.
Trump invited Xi to the White House in September 2026, suggesting a second meeting could yield more concrete outcomes. For now, the Beijing summit has reset the tone of US-China relations, but the substance of any agreements remains to be seen.