Top US CEOs Join President Trump for China Trade Discussions
- tech360.tv
- 8 hours ago
- 2 min read
President Donald Trump is visiting China, accompanied by a delegation of prominent US business leaders, a White House official stated. The visit aims to facilitate mutual trade and investment between the two nations.
Executives joining President Trump include Tesla Chief Executive Officer Elon Musk, Apple Chief Executive Officer Tim Cook, GE Aerospace Chief Executive Officer Larry Culp, and Boeing Chief Executive Officer Kelly Ortberg.
Other notable attendees are Meta's Dina Powell McCormick, BlackRock's Larry Fink, Blackstone's Stephen Schwarzman, Micron's Sanjay Mehrotra, Mastercard's Michael Miebach, Qualcomm's Cristiano Amon, and Visa's Ryan McInerney.
Additional participants consist of Cargill's Brian Sikes, Coherent's Jim Anderson, and Illumina's Jacob Thaysen.
China is anticipated to announce significant purchases related to Boeing airplanes, American agriculture, and energy. Such major business deals are often unveiled during summit meetings between China and the United States.
Boeing has been in prolonged discussions with China for an order that could include 500 737 MAX jets, alongside dozens of widebody jets powered by GE engines. This would represent China's first major Boeing order since 2017.
Ortberg told Reuters that Boeing was counting on the Trump administration to help unlock this long-awaited order. An announcement could be a significant win for the leaders' summit and potentially the single largest airplane order in history.
The two countries will also discuss lengthening a truce in their trade war. This truce currently allows rare earth minerals to flow from China to the US, though extension details remain unclear.
Cisco Chief Executive Officer Chuck Robbins was invited by the White House but could not attend due to the company's earnings release, a company spokesperson said.
Nvidia Chief Executive Officer Jensen Huang is not accompanying President Trump to Beijing. A person familiar with the matter indicated that Huang was not invited, with the White House focusing on agriculture and commercial aviation.
President Trump has developed a strong relationship with Huang since taking office. He agreed to allow Nvidia's H200 AI chips to be exported to China.
However, these chips have not yet been sold, Commerce Secretary Howard Lutnick said. This is due to difficulties Chinese companies face in getting permission from the Chinese government to complete purchases.
The last meeting between President Trump and Chinese President Xi Jinping was in South Korea. They agreed to pause a bruising trade war, which had seen the US impose triple-digit tariffs on Chinese goods.
Beijing had previously threatened to restrict the global supply of rare earths during that period.
President Donald Trump is visiting China with a delegation of prominent US business leaders, including Elon Musk and Tim Cook.
The visit aims to foster mutual trade and investment, with China expected to announce major purchases of Boeing aircraft, agriculture, and energy products.
Discussions will include potentially extending a trade war truce concerning rare earth minerals.
Source: REUTERS