US President Donald Trump is preparing for a pivotal visit to Beijing on May 14-15, 2026, aiming to negotiate a grand bargain with Chinese leader Xi Jinping. The summit marks the first US presidential visit to China in nearly a decade, and its agenda is broad and complex.
The talks are expected to focus on key issues such as trade, rare earths, Taiwan, Iran, artificial intelligence, and the future of bilateral economic ties. Beijing has been actively building relationships across Asia, Africa, and Latin America, giving it more room for maneuver in negotiations.
China's stance is centered around achieving tariff stability, fewer new US trade restrictions, and caution on Taiwan, particularly with regards to arms sales. In return, Beijing seeks a longer-lasting trade truce and reduced pressure on its industries. The country also wants Chinese purchases of US goods, including soybeans and aircraft.
The summit's outcome will have significant implications for global markets, including crypto investors who are sensitive to US-China tensions. A productive meeting could support risk assets, while a failure or disagreement over Taiwan could trigger a broader sell-off in the markets.