Donald Trump is set to visit China this week for a meeting with Xi Jinping. Along with him, executives from major American companies will fly to Beijing. The White House says the delegation includes about 17 people.
According to Chinese media, the visit will last from May 13 to 15. Among the participants are representatives of IT companies, the banking sector, the aviation industry, and agribusiness. These areas are currently the most intertwined with relations between the US and China.
Trump Gathers Heads of Major US Companies for Delegation
The trip will include Elon Musk, Tim Cook, and BlackRock CEO Larry Fink. Also joining them in Beijing will be Boeing CEO Kelly Ortberg, Blackstone head Stephen Schwarzman, and Citigroup CEO Jane Fraser.
Also joining the visit are Goldman Sachs CEO David Solomon and Meta representative Dina Powell McCormick.
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Among the participants are many representatives from the chip industry and aerospace sector. The delegation includes GE Aerospace CEO Larry Culp, Qualcomm CEO Cristiano Amon, Micron head Sanjay Mehrotra, and Cisco CEO Chuck Robbins.
The interests of the agricultural sector are represented by Cargill CEO Brian Sikes. For American exporters, China remains one of the most important markets, especially for soybean suppliers.
The delegation also includes executives from Visa and Mastercard Ryan McInerney and Michael Miebach, as well as the heads of Coherent and Illumina Jim Anderson and Jakob Thyssen.
At the same time, Nvidia CEO Jensen Huang is not on the list of participants. Against this backdrop, the company’s shares even rose slightly.
Trade, Technology, and Crypto in the Shadow of Negotiations
Trump hopes to bring back concrete agreements from China . First and foremost, this concerns aircraft deliveries, soybean sales, and new conditions for semiconductor exports.
For Boeing and GE Aerospace, such visits have long been an opportunity to secure large airliner orders. And Cargill represents the interests of American farmers, who are heavily dependent on the Chinese market.
Apple, Micron and Qualcomm are focused on chips and component supplies. Especially now, as the trade standoff between the US and China continues to put pressure on the tech sector.
Analyst Paul Barron believes the trip is important not only for industry, but also for the largest financial companies in the US.
According to Barron, the heads of Citi, Goldman Sachs, Blackstone, and BlackRock came to Beijing not just for formal meetings. Their main goal now is to maintain normal relations with the Chinese market and not lose access to local financial opportunities. He also believes that if the US eases pressure on some Chinese banks, it could be seen as an attempt to slightly reduce tensions between the two countries.
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There is another interesting point. Almost 40% of the delegation participants are in some way connected to the crypto market.
BlackRock manages the largest spot ETF for bitcoin. Tesla continues to hold more than 11,000 BTC on its balance sheet. Visa and Mastercard are actively developing stablecoin payments.
Wall Street believes that if relations between the US and China become softer, it could indirectly help the crypto industry. Especially if large banks and funds gain more freedom for international operations.
Investors are now closely watching any news about tariffs, restrictions on AI technology exports, and supplies of rare earth metals. Markets are reacting more and more painfully to such statements, and crypto is no exception.
