Trump's China visit brings top CEOs to push historic trade deals
A high-level US delegation, including top corporate leaders, will accompany President Donald Trump on an upcoming visit to China. The trip aims to strengthen trade ties, with plans to establish new forums and secure major deals in agriculture, energy, and aviation. The delegation features prominent executives such as Elon Musk (Tesla), Tim Cook (Apple), and Larry Fink (BlackRock). Others include Larry Culp (GE Aerospace), Stephen Schwarzman (Blackstone), Dina Powell McCormick (Meta), and CEOs from Micron, Mastercard, Visa, and Qualcomm. Boeing CEO Kelly Ortberg will also attend to finalise a potential deal for 500 737 MAX jets and dozens of widebody aircraft powered by GE engines. If confirmed, this would mark China’s first major Boeing purchase since 2017 and could become the largest single airplane order in history.
The visit seeks to extend a 2022 truce on rare earth minerals between the two nations. Meanwhile, US Commerce Secretary Howard Lutnick noted that sales of Nvidia’s H200 AI chips to China remain stalled, as Beijing has not granted the necessary purchasing permissions. Nvidia CEO Jensen Huang is absent from the delegation, reflecting the administration’s focus on agriculture and commercial aviation instead. Representatives from Cargill, Coherent, and Illumina will also participate, aiming to solidify agreements in their respective sectors. The summit takes place amid growing concerns over China’s supply of military-grade technology to Russia.
The trade discussions could lead to significant Chinese purchases of US agricultural and energy products. New mutual trade forums may also be established to foster long-term cooperation. The outcome of the Boeing deal and rare earth mineral negotiations will be closely watched by global markets.
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