US CEOs seek China business gains from Trump-Xi summit

BEIJING — From Meta to Tesla and BlackRock, the U.S. business delegation for President Donald Trump's summit with Chinese leader Xi Jinping this week consists mainly of companies seeking to resolve business issues with the world's second-largest economy. More than a dozen CEOs and top executives from companies such as Tesla, BlackRock, Illumina, Mastercard and Visa will accompany Trump on his visit on May 14 and 15, a White House official said on Monday. Unlike Trump's 2017 visit, which was heavy on pomp and trade deals, the scaled-back delegation this time includes companies seeking to advance long-standing business priorities in China, said two people familiar with the preparations who sought anonymity. "Besides Boeing and Cargill being linked to purchase agreements, the others are mainly there to deliver demands on critical input supply," said Reva Goujon, a geopolitical strategist at Rhodium Group. "This could help the U.S. administration's messaging that to even be able to discuss a board of investment, China needs to be a reliable investment partner and not weaponise supply." The

Original source: Korea Times