From May 13 to 15, 2026, U.S. President Donald Trump is paying a state visit to China, his first in nine years and a high-level engagement at a critical juncture for China-U.S. relations. The White House has released a list of 16 accompanying business leaders spanning technology, finance, energy and manufacturing, including Tesla CEO Elon Musk, Apple CEO Tim Cook, Qualcomm CEO Cristiano Amon, Micron CEO Sanjay Mehrotra, as well as heads of Citigroup, Goldman Sachs, Blackstone, Boeing and Cargill. Jensen Huang was absent due to non-invitation, which the market interprets as U.S. caution on chip supply chain issues.

The core agenda includes trade balance, market access, intellectual property protection, AI governance, climate change and supply chain stability. China emphasizes mutual benefit and win-win results, expanding imports, optimizing the business environment and welcoming U.S. enterprises to deepen presence in China; the U.S. focuses on reducing the trade deficit, pushing for further opening of China’s service and high-tech sectors, and seeking dialogue mechanisms on AI standards and cross-border data flows.

Markets expect the visit to yield multiple practical consensus: expanding China-U.S. agricultural and energy trade, restarting bilateral investment treaty negotiations, establishing a joint working group on AI safety and ethics, and easing some high-tech export controls. Analysts believe that if implemented, the cooperation will significantly ease China-U.S. trade frictions and boost global trade recovery confidence; meanwhile, it will bring incremental opportunities for sectors such as technology, new energy and financial services. However, differences remain—issues like industrial subsidies and state-owned enterprise status are unlikely to see breakthrough progress in the short term, and subsequent implementation pace requires continuous monitoring.