After Trump’s pledge to ‘open up’ China, low expectations for summit deal
US President Donald Trump met with Chinese President Xi Jinping for a high-stakes summit in Beijing on May 14-15, 2026. Trump aimed to "open up" China's economy, accompanied by top US business executives. While a trade truce extension is anticipated, analysts expect only modest breakthroughs in the strained US-China relationship, which is characterized by rivalry across trade, AI, and Taiwan. China's distrust of the US and its long-term global competition goals are seen as limiting potential agreements. The US side has indicated potential Chinese investments in American companies and purchases of US oil and Boeing aircraft, with discussions also including an "Board of Investment."