Overview
- The leaders agreed at a May 13–15 summit to create bilateral Boards of Trade and Investment to manage roughly $30 billion in non-sensitive goods and to provide a formal forum for ongoing talks.
- China committed to buy at least $17 billion a year in U.S. agricultural products through 2028 and to purchase about 200 Boeing planes, securing narrow, product-level commercial wins for the United States.
- U.S. export controls on advanced chips and equipment remain in place and China has not yet approved shipments of Nvidia chips that Washington cleared for export, leaving strategic tech access unresolved.
- President Trump traveled with about 30 U.S. CEOs and staged high-profile business meetings in Beijing that emphasized stability and market access promises but offered few detailed implementation rules.
- The package reduces the risk of immediate trade shocks but is fragile because both countries continue to build supply-chain resilience and could reverse the deals if geopolitical strains rise; Xi is expected to visit Washington later in 2026, which may determine next steps.