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Trump Lands in China with $16T CEO Delegation, Pushes Xi for Market Openings

President Trump landed in China on May 13, 2026, with a CEO delegation boasting $16.4 trillion in market cap—equivalent to 3.5x Alphabet's value—ahead of a May 14-15 summit with Xi Jinping. Reports from May 12 highlighted over a dozen executives from Tesla, Meta, BlackRock, Illumina, Mastercard, and Visa seeking approvals for Tesla's FSD and $2.9B solar deals, Illumina's entity list removal, and BlackRock's $23B ports bid. The agenda centers on easing tech export curbs and barriers, with Nvidia (at record highs), Apple, Micron, and Tesla poised for gains if progress materializes, though major trade pacts seem unlikely.

Category

US 500

Sentiment

Neutral

Event

Market commentary

Reading time

1 min