Unbiased AI-powered news
President Trump will be accompanied by chief executives from Nvidia, Apple and ExxonMobil on his visit to Beijing scheduled for May 14-15. The trip marks the first time a U.S. president has visited China in nearly a decade. Chinese officials reiterated that adherence to the one China principle on Taiwan remains a prerequisite for stable bilateral ties ahead of the summit.
SemaforPresident Trump will be joined by the chief executives of Nvidia, Apple and Exxon on his trip to Beijing next week, according to people familiar with the planning. The Trump administration has extended invitations to executives from Boeing, Qualcomm, Blackstone, Citigroup and Visa.
The final list is expected to expand. The visit is set for May 14-15 and will be the first by a sitting U.S. president to China in nearly a decade.
Chinese officials signaled that Taiwan will be a priority topic at the summit between President Trump and Chinese President Xi Jinping.
China’s top diplomat told visiting American senators that bilateral ties had maintained overall stability despite numerous twists and disruptions over the past year. The meeting with the bipartisan congressional delegation, led by Sen. Steve Daines, credited both President Trump and President Xi for steering relations at critical moments.
Daines, who last visited China in March 2025 amid tariff and fentanyl disputes, expressed hope for de-escalation rather than decoupling.
Discussions may include a potential Chinese order for up to 500 Boeing aircraft and increased purchases of American soybeans. Officials are focused on extending a trade truce agreed upon by the two leaders during an October meeting in South Korea. Benzinga reported that Boeing’s China order hopes have revived as Trump invites its CEO to the Beijing visit.
U.S. officials have pressed Beijing to use its influence with Iran to help reopen the Strait of Hormuz, through which 20 percent of the world’s oil normally flows. Sen. Daines highlighted China’s recent meeting with the Iranian foreign minister as evidence of engagement on regional tensions and suggested the summit could lead to additional Boeing aircraft purchases by China.
Separate from the summit, companies continued to report effects from U.S. tariffs imposed last year. Philips and Pandora announced Wednesday they have applied for tariff rebates under a refund process opened after the Supreme Court ruled the duties illegal in February.
The process could ultimately return as much as $175 billion to more than 330,000 importers. Philips CEO Roy Jakobs told CNBC the company prefers a world without tariffs or trade barriers to better serve patients. Pandora CEO Berta de Pablos-Barbier described tariffs as a headwind to first-quarter earnings but said the firm could not yet count on any refund.
Several other European firms, including BMW, Daimler, Renishaw, Smith & Nephew and Continental, also cited tariffs as a drag on results though they did not confirm rebate applications.
A quarterly survey of chief financial officers found that while many plan to seek refunds, none intend to lower consumer prices in response. Moody’s Analytics chief economist Mark Zandi said companies appear to view the rebates as compensation for earlier costs and supply-chain adjustments.
Curtis Chin of the Milken Institute said, “I really don’t expect a whole lot of dynamic big results.
Talks are also reported to include possible creation of a Board of Trade to manage flows of non-sensitive goods within a tariff framework. A dialogue on artificial intelligence safety has been discussed but faces significant hurdles based on prior attempts.
english.elpais.comAbelardo de la Espriella defeated Ivan Cepeda 49.66 percent to 48.70 percent in the June 21 runoff. More than 26 million ballots were cast, a 63 percent turnout in the 53-million-person country.
EuronewsChina placed 10 American companies on an export control list and barred 46 others from government procurement projects. The steps follow a Pentagon decision to add Chinese firms to a list of entities accused of supporting Beijing's military.
thehindu.comMediators announced a High Level Committee and technical talks schedule after Sunday sessions in Switzerland. The agreement also created a deconfliction line tied to Lebanon fighting.