Trump, Xi set for Beijing talks with trade truce, Iran war at stake

U.S. President Donald Trump’s Beijing visit with Xi Jinping is being watched closely by markets for its potential to preserve a fragile trade truce, unlock commercial deals and ease tensions that have already pushed inflation and political risk higher. A CEO delegation including Elon Musk and Nvidia’s Jensen Huang underscores a push to resolve business frictions — U.S. officials are seeking Boeing airplane, farm and energy sales while Beijing wants eased curbs on chipmaking equipment and advanced semiconductors. Geopolitical risks — notably the Iran war and unresolved U.S. arms sales to Taiwan (a $14bn package pending) — leave outcomes uncertain: a smooth, low‑key summit would be market‑friendly, while conflict or hardline demands could boost volatility, inflation expectations and downside risk for U.S. equities. Overall, the trip is a market‑sensitive political event rather than a direct corporate development.