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Top US tech CEOs leave China with little to show

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Elena Gyldenkerne
May 16, 2026

Before leaving a two-day summit in Beijing, President Donald Trump said he had made many trade deals with China, accompanied by a cohort of "brilliant" tech billionaires. But what exactly did they achieve?

US President Donald Trump and Chinese President Xi Jinping remained silent after talks in Beijing on whether the US will allow Nvidia to resume AI‑chip sales to China. Nvidia’s CEO was flown in specially for the meeting, underscoring the stakes as China races to close its gap in chipmaking. With Beijing leading most critical technologies but still reliant on foreign semiconductors, the future of AI trade hangs in the balance.

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